SembCorp Marine reported its first half 2011 results to the Singapore stock exchange with net profit for the first half of 2011 down at SGD 300.4m ($249.1m) compared with SGD 324.9m for the same period last year.

Net profit was down 8% but group turnover has fallen 32% from SGD 2.4573bn in the first half of 2010 to SGD 1.6602bn