Home THE DAILY EDGE Business Keppel Corp 4Q net profit likely off 10.5% on-year
Keppel Corp 4Q net profit likely off 10.5% on-year

Tags: Keppel corp

Written by Dow Jones & Co, Inc   
Monday, 24 January 2011 16:37
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Keppel Corp (BN4.SG) is likely to report a 10.5% on-year decline in its 4Q net profit to $306.8 million as a cyclical downturn in the rig-building industry may have hurt revenue, according to the average forecast of eight economists in a Dow Jones poll. 

The poll tips revenue to decline 12.5% to $2.65 billion. Keppel Corp may not have sustained the high profit margins of close to 19% in the second and third quarters of 2010, but new orders are likely to help the company grow profits in coming quarters, analysts say. 
 
Its 4Q earnings are due after the market’s close Tuesday. 
 
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Keppel Corp 4Q net profit likely off 10.5% on-year
Monday, 24 January 2011

Last Updated on Monday, 24 January 2011 16:38