Keppel has mainly attributed the net loss to impairments of $952 million recorded under its O&M business – the bulk of which was recognised in 2Q 2020.
Keppel Corp, which has continued to be dragged by its loss-making offshore & marine (O&M) business, has reported a net loss of $506 million in FY2020 ended Dec 31.
This compares with earnings of $707 million a year ago.
