Keppel Corp's Q1 net profit down 42%
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
FIRST-QUARTER net profit for Keppel Corporation slumped 41.5 per cent to S$210.6 million, on the back of a similar fall in revenue.
Its topline dropped 38 per cent to S$1.7 billion, as revenue from the property division only partially offset reduced sales in the offshore and marine, infrastructure and investment divisions.
Earnings per share for the group was 11.6 cents.
Keppel said that its offshore and marine division has secured S$200 million of new orders to date, and it has a net order book of S$8.6 billion.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
