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Singapore's Keppel Q2 profit up 44 pct on property, infrastructure divisions

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SINGAPORE: Keppel Corp posted a 44 per cent rise in its second-quarter profit, citing stronger earnings from its property and infrastructure divisions that offset losses in its other segments, including offshore and marine.
Keppel, whose businesses range from rig-building to property development, posted a net profit of S$246 million for the quarter ended June, versus S$171 million a year ago.
AdvertisementTotal revenue for the quarter was S$1.52 billion, slightly lower than the S$1.55 billion posted a year ago.
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