Keppel Corp's Infrastructure Division posts 35% decrease in profit

Keppel Corp improved its net profit by 11%, but review of Group performance revealed pre-tax profit from Infrastructure Division fell to $51 million due to lower contribution from EPC contracts.

Prospects are bright, however, for the said Division with Mr Choo Chiau Beng, Chief Executive Officer, saying, “We successfully listed K-Green Trust, a green infrastructure trust that will deliver long term, regular and predictable distribution to unitholders. With an initial portfolio of quality assets in Singapore, K-Green Trust will leverage Keppel’s international network and well-established expertise to seek acquisition opportunities in Asia, Europe and Middle East.”

Keppel Corp’s Unaudited Financial Statements showed net profit attributable to shareholders was $669 million, after taking into account income tax expenses and non-controlling interests. Shareholders will be paid an interim distribution of 16 cents per share as interim dividend increased 7%.

Offshore & Marine Division remains the largest contributor to net profit with 67%, followed by Property Division with 26% and Infrastructure Division with 6%.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia