1Q 2013 REPORT CARD
1. Net profit decreased 56% to S$331 million, compared to 1Q 2012's S$751 million.
2. Earnings per Share of 18.4 cents, down 56% from 1Q 2012's 41.9 cents.
3. Annualised Return on Equity of 13.9%.
4. Economic Value Added decreased from S$654 million to S$191 million.
5. Cash outflow of S$732 million.
6. Net gearing of 0.26x.
SINGAPORE, April 18 (Reuters) - Singapore's Keppel
Corporation Ltd, the world's largest offshore oil rig
builder, reported a 56 percent drop in quarterly net profit from
a year earlier to S$331 million ($267.75 million), in the
absence of one-time gains from sales of its Reflections at
Keppel Bay units.
The conglomerate, which has businesses in property, telecommunications and infrastructure, said revenue in the three months ended March 31 fell 35.3 percent from a year earlier to S$2,758 million.
By mid-year, KMC's 1,300MW power generation capacity will be fully operational. Keppel Energy will focus on further improving the plant's efficiency for healthy and stable returns.
(CW8888: Injecting this power asset into K-Green by 2014?)
View? Kep Corp's Presentation slides
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