Keppel H1 net profit up 65.9% to S$497.5m; higher dividend declared

CONGLOMERATE Keppel Corporation on Thursday (Jul 28) posted a headline net profit of S$497.5 million for the first half of the year ended June, up 65.9 per cent from its earnings of S$299.8 million in the corresponding year-ago period. 

The group said this was underpinned by profitability across all its segments, including the discontinued offshore and marine operations. 

On a per-share basis, this translated to earnings of S$0.279, up 69.1 per cent year on year from S$0.165. Net profit from continuing operations rose 26.4 per cent to S$434.1 million from S$343.5 million in the year-ago period. Net profit from discontinued operations came in at S$63.4 million, reversing a loss of S$43.8 million.