Property powers Keppel Corp as offshore & marine wanes

Singapore

KEPPEL Corporation has turned to other growth engines as its offshore and marine (O&M) division rides out a multi-year downturn.

The property division emerged the top contributor to full-year net profit with a 79 per cent share; infrastructure trailed at a distant second with 13 per cent, followed by O&M and investments each with 4 per cent.

But group chief executive …