Singapore's Keppel Corp 1Q Net Profit Falls 5%


SINGAPORE, April 16 (Reuters) – Singapore's Keppel Corporation Ltd said on Wednesday its net profit in the first quarter dropped 5 percent on the year to S$339 million ($270.46 million).

Keppel is the world's top offshore jackup drilling rig producer and has business in property development and infrastructure. The firm booked revenue of nearly S$3 billion for the quarter, up 8.6 percent from a year earlier, it said in a statement.

The offshore and marine division secured S$1.9 billion worth of new orders in the quarter, pushing the company's net order book to a record high of S$14.4 billion.

Singapore's state investor Temasek Holdings owns a stake of more than 20 percent in Keppel. ($1=1.2534 Singapore Dollars)

(Reporting by Rujun Shen; Editing by Clarence Fernandez)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
parveen sharma | Apr. 16, 2014
My dream country

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Diesel Mechanic for Williston, ND!
Expertise: Mechanic
Location: Williston, ND
Branch Manager for Heavy Equipment Dealership in Mississippi
Expertise: Facilities Management|Mechanic
Location: Mississippi, United States, MS
Sr Machine Maintenance Technician
Expertise: Machinist
Location: Godley, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours