You are here

Hot stock: Keppel gains 4% as Q3 profit rises 30%

KEPPEL Corporation on Friday rose by almost 4 per cent following the first rise in operating profit from a year ago since late 2014.

The stock gained 28 Singapore cents to S$7.30, with 15.9 million shares changing hands.

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 division. Its third-quarter net profit rose 30 per cent to S$291.8 million.

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom