Singapore's Keppel annual profit more than quadruples


The Singapore skyline as seen from Mont Faber Hill. — AFP

SINGAPORE's Keppel posted a more than four-fold rise in its full-year profit on Thursday, primarily bolstered by a one-off gain from the divestment of its offshore and marine (O&M) unit.

Keppel, which was founded 56 years ago and traces its roots to a shipbuilding yard, recorded a S$3.3 billion ($2.46 billion) gain after the disposal of its O&M business last February.

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Keppel , Singapore , profit , O&M

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