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Keppel Corporation's Q4 profit rises 6.1% to S$725.9m

Thursday, January 22, 2015 - 18:20

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Keppel also declared a final cash dividend of 36 Singapore cents per share, up from a final dividend of 30 cents per share in 2013.

DESPITE a gloomy backdrop of lower oil prices and a softer property market, Keppel Corporation posted on Thursday a 6.1 per cent increase in fourth-quarter net profit to S$725.9 million on the back of revenue that climbed 9.1 per cent to S$3.93 billion.

Keppel also declared a final cash dividend of 36 Singapore cents per share, up from a final dividend of 30 cents per share in 2013.

For the full year, Keppel's net profit was up 2.1 per cent to S$1.88 billion. Revenue for the same period rose 7.3 per cent to S$13.28 billion.

Net profit from the offshore and marine business - which accounts for 55 per cent of the group's bottom line - stood at S$1.04 billion, 10 per cent higher than in the previous year, buoyed by better operating results and higher interest income.

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Earnings per share for the group stood at 39.9 Singapore cents and 103.8 Singapore cents for the quarter and full-year period, respectively, up from 38 Singapore cents and 102.3 Singapore cents during the corresponding periods the year before.

Keppel Corporation's shares last traded at S$8.10 on Tuesday, before the group called a halt to trading of its shares on Wednesday, "pending release of announcement".

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