Energy and logistics firm Sembcorp Utilities has seen its turnover soar by more than £40m after market prices led to an increase in its revenues.

Sembcorp’s revenue jumped by £41.7m during the year ending December 31, 2018, to £217.1m, up from £175.4m in 2017.

The company describes itself as the “powerhouse behind Wilton International” and is split into three divisions. Its energy arm provides power and natural gas to customers; utilities supplies compressed air, water and industrial gases; while its onsite logistics branch provide manages deliveries and storage solutions.