Record full-year profit and dividends for Keppel Corp
Purchase this article for republication
Buy SPH photos
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.
