Keppel Corp builds 'new muscles' amid headwinds
Conglomerate adopts multi-business and diversification approach for long-term sustainable growth
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Singapore
KEPPEL Corporation's chief executive officer Loh Chin Hua in his year-end staff address played up a multi-business strategy and diversification beyond "selling homes and rigs" as the key to weather industry headwinds.
"Overall higher contributions from Property and Infrastructure in the past year have helped cushioned the impact of a considerable fall in net profit from Offshore & Marine," Mr Loh said, summing up the performances of the group's business segments.
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