Keppel Corp Q2 net profit up 44% from property, infrastructure boost

Singapore

MULTI-BUSINESS listed conglomerate, Keppel Corporation posted a 44 per cent increase in second quarter net profit to S$246.16 million, bolstered by stronger property and infrastructure earnings that offset losses from the other divisions.

Earnings per share for the three months ended June 30, 2018, was 13.6 Singapore cents, higher compared to 9.4 Singapore cents for a year-ago period.

Revenue was lower by 2 per cent or S$31 million at S$1.52 billion as lower contributions from property and inve…