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EARNINGS SQUEEZE

Profits of S'pore-listed companies hit by fall in oil, property prices

Combined full-year earnings of 433 companies which reported 2015 results down 22.7% at S$25.2b

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Keppel Corporation's full-year net profit fell 19.1 per cent to S$1.52 billion, with its fourth-quarter results hit by a S$230 million provision for the default risks tied to a US$4.9 billion rig construction contract with the financially stricken Sete Brasil.

Singapore

THE fall in oil and property prices translated to weaker profits for several Singapore-listed companies that announced their full-year figures.

As at late-Monday, 433 listed companies had released their results for the full year ended December 2015, data from The Business

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