Keppel’s Q1 revenue down 6.3% to S.5 billion; legacy O&M assets a drag on net profit

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

April 25, 2024 / Riah Marton /


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 …

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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