Keppel Corp posts 6.4% rise in Q1 earnings
Group shifting focus of offshore business to areas beyond drilling rigs
Singapore
CONGLOMERATE Keppel Corp will shift the focus for its offshore business to areas beyond drilling as rig orders dry up, it said on Thursday after the group reported a rise in first-quarter net profit.
A couple of customers have asked to defer rig deliveries and KepCorp is also considering slowing down rig construction for its major customer Sete Brasil until Sete can secure long-term financing for its projects, it added.
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