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

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Uma Devi

Uma Devi

Published Thu, Jul 28, 2022 · 06:42 PM
    • Loh Chin Hua, chief executive of Keppel, said that demand for real assets with cash flow will continue to grow in an extended inflationary environment.
    • Loh Chin Hua, chief executive of Keppel, said that demand for real assets with cash flow will continue to grow in an extended inflationary environment. PHOTO: KEPPEL

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    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.

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