The Business Times·4 min read·hard
Keppel H1 net profit drops 59% to S$155 million on legacy rig impairments, M1 deal fallout
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Shikhar Gupta, Janice Lim
✦AI Summary
Keppel reported a 59% drop in net profit for the first half of the year, largely due to impairments on legacy rig assets and fallout from the M1 telco deal. Despite the decline, the company's core 'New Keppel' operations saw a 25% increase in profit.
Group revenue rises 24.6% to S$3.8 billion; company points to 25% growth in core ‘New Keppel’ operations
businesseconomy
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