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Keppel Corporation 1QFY2023 revenue up 9% y-o-y, net profit 'significantly higher' with O&M disposal gain

Jovi Ho
Jovi Ho • 5 min read
Keppel Corporation 1QFY2023 revenue up 9% y-o-y, net profit 'significantly higher' with O&M disposal gain
Without revealing specific figures, the group says its 1QFY2023 net profit was “significantly higher” y-o-y with the disposal gain of some $3.3 billion from the merger of Keppel Offshore & Marine and Sembcorp Marine. Photo: Keppel Corporation
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Keppel Corporation (SGX:BN4) has posted revenue of $2.25 billion for 1QFY2023 ended March, 9% higher y-o-y, as its Energy & Environment, Urban Development and Connectivity segments reported higher contributions.

Without revealing specific figures, the group says its 1QFY2023 net profit was “significantly higher” y-o-y with the disposal gain of some $3.3 billion from the merger of Keppel Offshore & Marine and Sembcorp Marine.

Keppel also received $500 million in cash, and distributed about $3.85 billion to its shareholders via a distribution in specie of Sembcorp Marine shares in 1Q2023.

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