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Record full-year profit and dividends for Keppel Corp

Published on Jan 24, 2013 6:28 PM
 
Mr Choo Chiau Beng, chief executive officer (CEO) of 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. -- ST PHOTO: LIM YAOHUI

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.

 
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