Singapore
KEPPEL Corporation posted a 30 per cent increase in third-quarter net profit to S$291.83 million, bolstered by the group's first year-on-year quarterly revenue rise and operating profit increase in the last two-and-a-half years.
Earnings per share were 16 Singapore cents, up from 12.4 Singapore cents in the year-ago period.
For the first time since late 2014, Keppel Corp saw both its quarterly revenue and operating profit rise year-on-year, helped by a multi-business approach that has offset the odds of a prolonged downturn facing the group's offshore and marine (O&M) division.
The group's third-quarter revenue rose 10.8 per cent to S$1.62 billion on the back of better topline performances...