Keppel Corp Q3 profit up 32% to $457.6m
Higher contribution from property makes up for lower profit from offshore
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KEPPEL Corporation yesterday posted a third-quarter net profit of $457.6 million, up 32.1 per cent from $346.4 million a year ago, as higher contributions from its property business helped it offset the drop in earnings from its core business of rig-building.
The profit attributable to shareholders for the July-September period translated into earnings per share of 25.3 cents, up 31.1 per cent year-on-year.
Keppel said that excluding revaluation, major impairment and divestments, third-quarter net profit rose 20 per cent to $403 million from $337 million a year ago.
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