Keppel's Q1 profit falls 42%

Singapore

NET profit for Keppel Corporation slumped 42 per cent to S$210.6 million for the first quarter, on the back of a 38 per cent fall in revenue.

Its topline dropped to S$1.74 billion from S$2.81 billion, as higher revenue from the property division only partially offset reduced sales in the offshore and marine, infrastructure and investment divisions.