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Keppel breaks two-and-half year spell with 30% Q3 profit jump

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...

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