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Associated firms boost Keppel Q1 bottom line
Net earnings up 23.7% at S$260.4m despite 32.6% fall in operating profit
Mr Loh says "rapid urbanisation, especially in Asia, is creating strong demand for energy, infrastructure, clean environment, high quality homes, offices and retail developments, as well as connectivity".
PHOTO: BLOOMBERG
Singapore
DESPITE a 28.4 per cent fall in group revenue to S$1.25 billion, Keppel Corporation emerged from the first quarter with a 23.7 per cent rise in net profit to S$260.4 million.
This comes as the conglomerate's share of results of associated companies for the three months...
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