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Keppel Profit Soars 25% on Strong Asset Management
30 Jul
Summary
- Half-year net profit rose 25%, excluding divestment portfolio.
- Asset management and operating platform showed stronger contributions.
- Net profit reached S$530 million for the six months ended June.
Singapore's Keppel announced a substantial 25% increase in its net profit for the first half of the year. This impressive gain, calculated excluding its non-core portfolio earmarked for divestment, underscores the strength of its primary business operations.
The company's asset management division and its operating platform were key drivers behind this improved financial performance. Together, these segments significantly boosted profitability.
For the six-month period concluding in June, Keppel's net profit climbed to S$530 million. This figure represents a marked improvement compared to the S$431 million reported during the same period last year, reflecting positive business momentum.
