Keppel Corp posts rise in Q1 profit

Keppel Corp posts rise in Q1 profit Keppel Corp’s first-quarter net profit rose 23.7 per cent to S$260.4 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening. PHOTO: BLOOMBERG NEWS. CONGLOMERATE Keppel Corp’s first-quarter net profit rose …

THE BUSINESS TIMES

Keppel Offshore and Marine posted first year-on-year rise in quarterly profits

Keppel Offshore and Marine shipbuilding The Singaporean builder Keppel Offshore and Marine posted first year-on-year rise in quarterly profits since early 2015 after successful completed business reorganization and restructuring. The company was …

Maritime Herald

Keppel O&M posts Q1 loss in ‘very challenging’ offshore market

The “very challenging conditions” of the offshore market has led to Keppel Offshore & Marine (Keppel O&M) posting a net loss for the first quarter ended 31 March 2017. Keppel O&M, the offshore business of Keppel Corp, reported a loss of SGD3.39m …

Seatrade Maritime News

World’s top rig builder Keppel says no rescue in sight for offshore oil services

Singapore’s Keppel Corporation, the world’s largest offshore rig builder, said it expects an extended slowdown in the offshore sector even though oil prices have recovered from their historically low levels a year ago. “This is due to, among other

CNBC

Keppel Corporation Limited’s Latest Earnings: Offshore & Marine Segment Remains Weak

Keppel Corporation Limited (SGX: BN4) reported its 2017 first quarter earnings yesterday. The reporting period was for 1 January 2017 to 31 March 2017. As a brief background, Keppel Corporation has four different business units: Offshore & Marine (O&M

The Motley Fool Singapore

Keppel posts 23% rise in 1Q earnings to S$260 mil on infrastructure and investments units

SINGAPORE (April 20): Keppel Group reported a 23% rise in 1Q earnings to S$260 million from S$211 million a year ago, thanks to improved earnings from the infrastructure and investments divisions, as well as steady contributions from the property division.

The Edge Markets MY

Keppel’s net profit grows 23.7% to $260.4m in Q1

Keppel Corporation (KEP) reported a rise in net profit for the past quarter, up 23.7% to $260.4m. This came even with the 28.4% fall in revenue to $1.25b. The strong bottom line was given a boost by the infrastructure division, which recorded a $37m

Singapore Business Review

Keppel O&M focuses on new and LNG orders as O&M sector breaks even in 1Q

SINGAPORE (April 21): OCBC is maintaining its “buy” on Keppel Corp with a fair value estimate of S$7.36 given the stock is trading at 1.0x book, below its trough of 1.2x during the 2008 financial crisis. “Our revised fair value estimate of S$7.36, down

The Edge Markets MY

Keppel Offshore and Marine cuts another 1250 staff

Singapore’s Keppel Offshore and Marine continues to deal with the offshore downturn with ruthless cost cutting, announcing further reductions in staff numbers in its first quarter results report. Keppel said it has reduced its workforce by a further 1

Splash 247

Edited Transcript of BN4.SI earnings conference call or presentation 20-Apr-17 9:30am GMT

Good evening. We welcome you to the conference and webcast on Keppel Corporation’s results and performance in the first quarter of 2017. I would also like to welcome Chris Ong, acting CEO, Keppel Offshore & Marine, who is joining us on the panel for

Yahoo Finance

Keppel posts 23.7% rise in Q1 earnings

Keppel’s group revenue slid 28.4 per cent to $1.25 billion, dragged down by the offshore and marine business, where turnover fell 41 per cent to $483 million. Operating profit came in at just $4 million due to lower volume of work.PHOTO: REUTERS.

The Straits Times

Keppel’s Profit Weighed Down by Sluggish Offshore Business

Reuters SINGAPORE, April 20 (Reuters) – Singapore’s Keppel Corp posted its first year-on-year rise in quarterly profits since early 2015, helped by improved earnings from infrastructure and investments, but its offshore business continues to face “very …

GCaptain

Rig builder Keppel’s Q1 profit up 23 percent from a year ago

SINGAPORE, April 20 (Reuters) – Singapore’sKeppel Corp <KPLM.SI> on Thursday reported a 23 percent rise in its first-quarter profit as improved earnings from the infrastructure and investments divisions helped offset weakness in its offshore and marine …

Nasdaq

Keppel Corp posts 23.7% rise in Q1 earnings

SINGAPORE – Keppel Corporation saw a 23.7 per cent boost in first-quarter earnings, lifted by a higher contributions from the infrastructure and investments divisions. The group on Thursday posted a net profit of S$260.4 million for the three months to

The Straits Times

Keppel O&M manages to break even

Singapore rig building giant Keppel Offshore and Marine broke even in the first quarter of 2017 and thereby made no contribution to its parent company’s overall net profit in the period. The parent company said Keppel O&M made first-quarter revenue of …

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