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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Singapore’s Keppel Corp Q1 net profit falls 5 pct

Posted on 17 April 2014

Singapore’s Keppel Corporation Ltd said on Wednesday its net profit in the first quarter dropped 5 percent on the year to S$339 million ($270.46 million). Singapore’s state investor Temasek Holdings owns a stake of more than 20 percent in Keppel.
Keppel is the world’s top offshore jackup drilling rig producer and has business in property development and infrastructure. The firm booked revenue of nearly S$3 billion for the quarter, up 8.6 percent from a year earlier, it said in a statement………………………………………..Full Article: Source


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