Revenue for the quarter increased by 21.3% to $1.9 billion from $1.5 billion back in 1QFY2019. This was due primarily to higher revenue contributions from the group’s offshore & marine (O&M) and local property trading projects, power and gas business segment, as well as the consolidation of M1.
SINGAPORE (Apr 29): Keppel Corp reported earnings of $160.5 million for 1QFY2020 ended March, some 20.9% lower than earnings of $202.9 million a year ago.
Keppel says that the decline came on the back of an absence of gain from the divestment of a 70% interest in Dong Nai Waterfront City in Vietnam last year.
