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 billion.
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.
SINGAPORE, Jan 22 - Singapore's Keppel Corp Ltd today (Jan 22) said fourth-quarter net profit rose 6.1 per cent to S$725.9 million, as the conglomerate's infrastructure unit turned a profit while income at its property division slid.
ReplyDeleteFor all of 2014, net profit rose 2 per cent to S$1.9 billion on strong growth in the infrastructure, as well as offshore and marine businesses, though contribution from property fell 42 per cent, the company said in a statement.
The full-year result beat the S$1.6 billion average estimate of 22 analysts polled by Thomson Reuters. REUTERS
Why KepCorp requested trading halt when the financial result is positive?
ReplyDeleteAfter 2 pm, we will know. LOL!
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Following an earlier notification, Keppel Corporation has rescheduled its media and analysts’ conference to Friday, 23 January 2015, at 2:00pm (GMT +8).
Chief Executive Officer, Mr Loh Chin Hua and senior management will be presenting at the conference. You are invited to join the live webcast and post questions during the Q&A session via your desktop or smartphone*.
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The postponement, coupled with trading halts that both parties called, has fuelled much speculation over what the announcement may be. Keppel Land's briefing will be held at 5pm on Friday.
DeleteKepcorp has to address poor cash flow and increase in WIP.
DeleteBase on the BusinessTimes article, Kepcorp results is better than analyst expectation.
ReplyDeleteSo, likely that Mr. market will react positively...
Investors are bidding @ $8.26
DeleteKep Corp has invested his own money recently. I don't think he will do silly actions to hurt his own pocket. We will know after 2 pm. LOL!
Deleteoo Kep Corp CEO
ReplyDelete
ReplyDeleteTwo-tier price approach of:
Base Offer Price of S$4.38* per share; and
Higher Offer Price of S$4.60* per share, to be paid if Kepcorp is entitled to exercise its rights of compulsory acquisition
Offer prices exceed the highest closing price over the past three years
Kepcorp does not intend to revise the Offer Price
Base Offer Price is a fair and compelling offer to Kepland shareholders, amid Kepland’s latest financial performance and the current environment
Higher Offer Price is designed to reward Kepland shareholders if Kepcorp is able to privatise Kepland
Offer will strengthen Kepcorp group with sizeable contributions from three business pillars – O&M, property and infrastructure
Expected to be EPS and NTA accretive to Kepcorp
Keppel Corporation Limited (Kepcorp) has today launched a voluntary unconditional cash offer for all the remaining shares of its subsidiary, Keppel Land Limited (Kepland). Currently Kepcorp owns 54.6% of Kepland.
... Based on the offer terms, a full privatization of Keppel Land would raise fiscal year 2014 earnings per share of Keppel Corp. (KEP) by 13 percent to S$1.18 per share from S$1.04 , the company said in the statement,...
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