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Hot stock: Keppel Corp declines 5.1% after earnings fall

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Janice Tan

Published Fri, Feb 3, 2023 · 11:10 AM
    • Keppel’s share price movements come after the group reported a 40.6 per cent year-on-year decline in net profit to S$429.1 million for the second half ended December.
    • Keppel’s share price movements come after the group reported a 40.6 per cent year-on-year decline in net profit to S$429.1 million for the second half ended December. PHOTO: KEPPEL

    SHARES of Keppel Corporation declined on Friday (Feb 3), the day after the group reported lower H2 earnings.

    The index counter shed as much as 5.5 per cent or S$0.42 to S$7.23 in late morning trading, before ending the day S$0.39 or 5.1 per cent lower at S$7.26 on turnover of 12.4 million shares.

    Keppel’s share price movements came after the group on Thursday reported a 40.6 per cent year-on-year decline in net profit to S$429.1 million for the second half ended December, from S$722.9 million. 

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