Keppel Corp Q4 net profit up on better showing from most divisions

Singapore

MAINBOARD-LISTED conglomerate Keppel Corporation reported 41.5 per cent higher net earnings at S$191.4 million for the fourth quarter ended December, bolstered by stronger performance from offshore and marine (O&M), property and investments divisions.

The higher bottom line was a result of narrower losses at O&M business, marginally better showing by the property division and returning to profitability at the investments segment in the period.