Keppel Corp posts 5.1% drop in Q1 net profit

KEPPEL Corporation yesterday reported a 5.1 per cent decrease in net profit to $338.7 million for its first quarter ended March 31, 2014, compared to $357 million a year ago.

Excluding one-off gains from the reversal of provision from the sale of a power barge and write-back of tax provision made by Keppel Land in the first …