Keppel Limited (KPELY.PK,KPELF.PK), a Singaporean infrastructure company, on Thursday reported a decline in net profit for the first-half, amidst legacy O&M assets and a fall in revenue.
For the first-half, the company posted a net profit of S$304 million or 16.7 cents per share, lower than S$3.627 billion 24.9 cents per share, recorded for the same period last year.
Excluding legacy O&M assets, income per share stood at 28.2 cents as against previous year's 26.9 cents per share.
Excluding legacy O&M assets, earnings from continuing operations stood at S$513 million, higher than S$481 million in 2023.
Profit from discontinued operations was S$0, compared with previous year's S$3.182 billion.
Legacy O&M assets stood negative at S$209 million, compared with negative S$36 million a year ago.
Operating profit slipped to S$506 million from S$572 million last year.
As at the end of June 2024, funds under management grew by 55 percent to S$85 billion from S$55 billion at the end of 2023.
Revenue was S$3.224 billion, down from prior year's S$3.716 billion.
The Board will pay an interim cash dividend of 15 cents per share on August 23.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.