Industrial Raw Materials overview
Industrial Raw Materials volumes declined by 19.9% due to lower fertiliser trading, cotton and wood product volumes during the period.
Segment revenue declined by 18.8% due to lower volumes as compared to the prior corresponding period.
The cotton and wood products businesses recorded a growth in EBITDA. However, overall segment EBITDA declined by 14.1% due to a reduced contribution from the SEZ business as compared to the prior corresponding period.
Our overall invested capital increased by S$45.5 million compared to 2014 due to investments in upstream rubber plantations and SEZ in Gabon.
Segment EBITDA/IC declined from 11.6% in 2014 to 9.8% in 2015 due to lower EBITDA.