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Keppel Corp's profit falls 5% in absence of one-off gain

Published on Apr 16, 2014 8:55 PM

First quarter net profit at Keppel Corporation fell 5.1 per cent to $338.7 million, the company said on Wednesday.

The decrease was because the profit figure from a year ago was boosted by some accounting one-off gains.

Net profit for the quarter would have been largely in line with a year earlier excluding these gains, said Keppel, the world's largest offshore drilling rig builder.

Revenue rose 8.6 per cent to $3 billion.

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