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BRIEF-Sembcorp Industries Flags Impairments Of S$245 Mln For Q4 2019

Reuters SG

Feb 6 (Reuters) - Sembcorp Industries Ltd:

* THERE WILL BE MATERIAL IMPAIRMENTS AMOUNTING TO S$245 MILLION IN ITS 4Q2019 FINANCIAL STATEMENTS

* AS A RESULT OF THESE IMPAIRMENTS, ENERGY BUSINESS IS EXPECTED TO MAKE NET LOSS IN 4Q2019

* FOR FY2019, ENERGY BUSINESS WILL CONTINUE TO DELIVER POSITIVE NET PROFIT

* EXCLUDING EXCEPTIONAL ITEMS FY19 UNDERLYING NET PROFIT OF ENERGY BUSINESS EXPECTED TO BE BETTER THAN FY18 Source text for Eikon: Further company coverage: