of the year, compared to a net profit of US$411 million a year ago. This was mainly due to net non-cash losses of US$2.18 billion. The counter closed at US$3.72 on Wednesday, down US$0.05 or 1.3 per cent.expressed concerns about the proposed"demerger"
, especially given the poor macroeconomic conditions. Those present at a dialogue hosted by the Securities Investors Association also wanted to know whether the two firms had considered alternative options. SCI shares finished flat at S$1.74 on Wednesday, while SMM shares dropped 0.5 Singapore cent or 1.3 per cent to 39.5 cents.to US$76.
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