Singapore’s Keppel Corporation has posted a S$515 million (US$378 million) net profit for the first nine months of the year, down 37% year-on-year despite stronger contributions from its Offshore & Marine division, which helped to boost total revenues by 26% to S$5.382 billion.
Reflecting its progress in securing new orders and an increased workload, the O&M division reported a net profit of S$18 million for the nine months ended 30 September, compared to a net loss of S$38 million one year prior.
