Keppel Corp Q3 net profit up 33.3%

1. Net profit improved 15% to S$1,102 million, compared to 9M 2010's S$955 million (restated).


2. Earnings Per Share of 62.0 cents, up 14% from 9M 2010's 54.3 cents (restated).

3. Annualised ROE of 20.8%.

4. Economic Value Added increased from S$737 million to S$770 million.

5. Cash outflow of S$1,162 million.

6. Net gearing of 0.18x.

By CARINE LEE


Keppel Corporation Limited on Thursday reported a 33.3 per cent year-on-year increase in net profit for the third quarter ended Sept 30, 2011.

Net profit rose to $406.13 million from $304.64 million a year ago.

Earnings per share for the third quarter was up 31.8 per cent to 22.8 cents from 17.3 cents previously.

Third quarter revenue rose 18.1 per cent to $2.7 billion from $2.28 billion a year ago.

For the nine months ended Sept 30, 2011, net profit was up 15.4 per cent to $1.1 billion from $955.29 million during the same period last year. Earnings per share rose 14.2 per cent for the same period to 62 cents from 54.3 cents last year.

Revenue for the nine month ended Sept 30 was up 4 per cent year-on-year to $7.28 billion from $7 billion.