Fourth quarter earnings rise 9% at Keppel Corp
RIGBUILDER Keppel Corp on Thursday reported a 9 per cent growth in fourth quarter earnings thanks to more deliveries and new rig jobs.
Net profit was $332 million for the three months to Dec 31 , up from $305 million a year ago.
Keppel said that all divisions posted higher net profits, except for infrastructure because of cost overrun resulting in the higher losses.
Revenue for the quarter was 20 per cent higher at $3.598 billion.