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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Keppel upbeat on record profit

Posted on 27 January 2012

Keppel Corp reported record annual profit for last year and gave a bullish outlook as high oil prices and strong demand for deepwater rigs is set to fuel growth at the world’s largest rig-builder. The conglomerate, part owned by Temasek Holdings, also had record offshore and marine new orders worth nearly S$10 billion last year.

Net profit for the full year rose 14 per cent to S$1.49 billion, while revenue increased 10 per cent to S$10.08 billion……………………………………….Full Article: Source


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