Singaporean conglomerate Keppel Corp reported a 66 per cent rise in first-half income on Thursday (Jul 28), helped by higher earnings across most of its main businesses and a come back in performance from its offshore and marine (O& M) unit.
Keppel, which traces its roots to some small ship repair yard corporatised in 1968, has observed its renewable energy and asset management models bounce back this year, offsetting a decline in its urban development business.
Business on the O& M unit, Keppel’s second-biggest which usually it is merging which usually Sembcorp Marine, also rebounded in recent months among a rise in global oil prices.
“In an extended inflationary environment, demand just for real assets with cash flow, such as those which Keppel develops, works and manages, can continue to grow, ” Chief Executive Loh Chin Hua said.
The company posted the net profit associated with S$498 million for your six months to Jun 30, compared to S$300 million a year earlier.
Keppel proposed an interim gross of 15 Singapore cents per talk about, compared with 12 Singapore cents a year previously.