Keppel’s Q1 revenue down 6.3% to S$1.5 billion; legacy O&M assets a drag on net profit

KEPPEL reported on Thursday (Apr 25) a 6.3 per cent fall in revenue to S$1.5 billion for the quarter ended Mar 31, compared to S$1.6 billion in the previous corresponding period.

The global asset manager and operator attributed the “comparable” year-on-year revenue to increases in the contributions from infrastructure and connectivity offsetting lower revenue from the real estate segment. 

Net profit for the quarter was down on the year, said the group without disclosing its net profit figure.

Speaking to reporters and analysts at a briefing on …