Keppel’s earnings for the 2HFY2023 rose by 7.2% y-o-y to $460.6 million. Net profit from continuing operations grew by 36% y-o-y to $551 million.
Analysts are all positive on Keppel Limited after the group reported earnings of $4.11 billion for the FY2023 ended Dec 31, 2023, 340.1% higher y-o-y. The record set of earnings were attributed mainly to divestment gains of $3.3 billion from the group’s offshore & marine (O&M business).
Net profit from continuing operations rose by 19% y-o-y to $996 million for the full year, as all three of Keppel’s segments, infrastructure, real estate and connectivity, were profitable.
