Keppel Corporation’s 1H15 Net Profit Up By 1.6%

Keppel Corporation announced 1H15 revenue of $5,377.1 million representing a 12.9 percent decline from the same period last year, while net profit inched up 1.6 percent to $756.9 million.

The decline in revenue was attributed to lower revenue from the offshore and marine and infrastructure divisions, partially offset by higher revenues from property and investments segments.

Despite the lower topline, the group’s overall performance was boosted by significantly lower tax expenses and reduced non-controlling interests in Keppel Land.

The group’s offshore and marine division has secured $1.5 billion of new orders to date and its net order book stands at $11 billion, with deliveries extending into 2020.

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