Record full-year profit and dividends for Keppel Corp
WEAKER margins from its key offshore and marine business led to a 22 per cent slump in fourth-quarter earnings for Keppel Corp, even as it unveiled record full-year dividends.
The world's largest oil rig maker announced this evening that net profit for the three months ended Dec 31 fell 22 per cent to $305 million. The profit just about trumped the average forecast of $301 million from a Reuters poll of five analysts.
Quarterly revenue rose 7 per cent to $3 billion.
The group saw strong growth as its full-year net profit rose 28 per cent to a record of $1.9 billion. Full-year revenue surged 38.5 per cent to $14 billion.