Singapore companies report mixed H1 financial results

Several Singapore-listed companies reported mixed financial results for the first half of the year, impacting their respective share prices.

Sembcorp Industries reported a 72 per cent drop in H1 net profit to S$150 million, primarily due to S$155 million in one-off transaction costs from the acquisition of Australian energy provider Alinta. Despite this, the company increased its interim dividend to S$0.11 per share and saw turnover rise 28 per cent to S$3.77 billion.

ST Engineering saw its shares fall as much as 4.7 per cent following a report that Q2 2026 order wins dropped 38.3 per cent year-on-year to S$2.9 billion. Analysts noted that the decline may be due to the timing of contract completions rather than a lack of demand.

Yangzijiang Maritime shares fell as much as 9.3 per cent after the company reported a 29 per cent decline in H1 net profit to US$44.9 million. The decline was attributed to higher operating expenses from maritime fund asset expansion and foreign exchange losses, even as total income rose 49 per cent to US$81.6 million.