SMOE, part of engineering services giant SembCorp Industries, has struggled financially for two years due mainly to problems on some if its engineering, procurement and construction projects. Its parent has focused on a turnaround at SMOE that is starting to show results.
SMOE made a net profit of S$5.8 million ($1.75 million) in the fourth quarter of 2005 compared to a net loss of S$6.2
