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Keppel Corp Q2 earnings fall 22%

Group exploring opportunities to re-purpose offshore technology for other uses, says CEO Loh Chin Hua

Published Thu, Jul 20, 2017 · 09:50 PM
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Singapore

WITH a quick recovery in the offshore and marine (O&M) sector not in sight, Keppel Corporation is scouring for "new toplines" under a multi-business strategy to make up for the sector's prolonged slump after reporting a 22 per cent drop in group net profit to S$160.28 million for the second quarter ended June 30, 2017.

This includes doubling the S$25 billion assets under management of Keppel Capital, the group's asset management arm, over the next five years.

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