Reuters logo
4 years ago
Keppel Corp 2013 net profit falls 26 pct, misses expectations
January 23, 2014 / 9:47 AM / 4 years ago

Keppel Corp 2013 net profit falls 26 pct, misses expectations

1 Min Read

SINGAPORE, Jan 23 (Reuters) - Singapore conglomerate Keppel Corp Ltd said its net profit fell 26 percent last year after 2012's results were boosted by one-off profits from property sales.

Keppel is the world's biggest offshore drilling rig producer and has businesses in property development and infrastructure. It reported net profit of S$1.4 billion ($1.09 billion), just below the S$1.51 billion average forecast of seven analysts surveyed by Reuters.

The company, more than a fifth held by Singapore's state investor Temasek Holdings (Private) Ltd, said its net profit grew 9 percent in the fourth quarter ending December.

$1 = 1.2789 Singapore dollars Reporting by Rujun Shen and Anshuman Daga; Editing by Matt Driskill

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below