DESPITE a gloomy backdrop of lower oil prices and a softer property market, Keppel Corporation posted on Thursday a 6.1 per cent increase in fourth-quarter net profit to S$725.9 million on the back of revenue that climbed 9.1 per cent to S$3.93 billion.
Keppel also declared a final cash dividend of 36 Singapore cents per
share, up from a final dividend of 30 cents per share in 2013.
For the full year, Keppel's net profit was up 2.1 per cent to S$1.88
billion. Revenue for the same period rose 7.3 per cent to S$13.28
Net profit from the offshore and marine business - which accounts for
55 per cent of the group's bottom line - stood at S$1.04 billion, 10
per cent higher than in the previous year, buoyed by better operating
results and higher interest income.
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