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Associated firms boost Keppel Q1 bottom line

Net earnings up 23.7% at S$260.4m despite 32.6% fall in operating profit

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Mr Loh says "rapid urbanisation, especially in Asia, is creating strong demand for energy, infrastructure, clean environment, high quality homes, offices and retail developments, as well as connectivity".

Singapore

DESPITE a 28.4 per cent fall in group revenue to S$1.25 billion, Keppel Corporation emerged from the first quarter with a 23.7 per cent rise in net profit to S$260.4 million.

This comes as the conglomerate's share of results of associated companies for the three months

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