BRIEF-Keppel Ltd Posts HY Net Profit Of S$513 Mln

Aug 1 (Reuters) - Keppel Ltd:

* HY NET PROFIT S$513 MILLION

* HY REVENUE S$3,224 MILLION

* INTERIM DIVIDEND 15.0 SG CENTS PER SHARE

* ANNUAL COST SAVINGS RUN-RATE ON TRACK TOWARDS S$60 - S$70 MILLION TARGET BY END-2026.

* REDUCED TOTAL ASSETS ON OUR BALANCE SHEET BY OVER 14% TO S$27.7 BILLION AT END OF 1H24

* AS AT END-JUNE 2024 FUM GROWN 55% TO AROUND S$85 BILLION

* PLANS TO LAUNCH THREE NEW FUNDS FOR DATA CENTRES, EDUCATION ASSETS AND PRIVATE CREDIT IN 2H24

* KEPPEL IS WORKING TOWARDS CUMULATIVE S$10 BILLION -S$12 BILLION ASSET MONETISATION TARGET BY THE END OF 2026

* REMAIN FOCUSED ON WORKING TOWARDS OUR INTERIM MONETISATION TARGET OF S$10 TO S$12 BLN BY END OF 2026 Further company coverage: