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Keppel's Q3 profit rises 30%

SINGAPORE-LISTED conglomerate Keppel Corp posted a 30 per cent rise in third-quarter profit to S$291 million, up from S$225 million for a year-ago period.

Earnings per share was 16 Singapore cents, up from 12.4 Singapore cents.

Third-quarter group revenue rose 11 per cent to S$158 million, with all divisions except O&M having registered higher revenues.

This is the first year-on-year increase in quarterly revenues for the conglomerate since Q4, 2014, when a collapse in oil prices sparked off the start of a prolonged downturn for the O&M sector.

The group also witnessed the first year-on-year increase in its quarterly operating profit in Q3 FY17. Operating profit for the quarter rose 75 per cent to S$324 million.

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