Singapore rig builder Keppel Corp. (BN4.SG) 2Q net profit likely +8% on-year at $343 million vs $318 million year earlier due to realized revenue from previously placed contracts, higher contributions from Keppel Land, according to Dow Jones poll of five analysts.

“Earnings will be higher because of previously placed orders and some selling of rigs the company undertook during the second quarter,” says Ashwin Sanket of CLSA.

Still, analysts say slowdown in orders due to ongoing economic uncertainties may hurt earnings in coming quarters. Results due tomorrow after market close.