The moment of truth is finally here for Keppel and Sembcorp

Expect dismal results from both rigbuilders.

As the fourth quarter earnings season rolls in, Singapore’s largest rigbuilders will learn the hard way that it doesn’t pay to expand too far afield.

With threats of Sete Brasil’s imminent bankruptcy hanging over their heads, both Keppel Corporation and Sembcorp Marine are expected to report significantly lower profits for the fourth quarter.

A report by Bloomberg revealed that Keppel Corporation is expected to post its lowest annual profit in seven years when it reports on Thursday, while Sembcorp is forecasted to post a fourth-quarter loss and a drastic drop in net profit.

Read the full report here.
 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley