Singapore's Keppel Q3 Profit Falls 38% On Weak Rig Orders

Reuters

SINGAPORE, Oct 20 (Reuters) - Singaporean conglomerate Keppel Corp posted a 38 percent fall in third-quarter profit, hurt by weak orders for its rigs due to a slump in oil prices.

The company reported a net profit of S$225 million ($162 million) for the three months ended Sept. 30, compared with S$363 million a year ago.

(Reporting by Aradhana Aravindan; Editing by Subhranshu Sahu)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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