SINGAPORE (Oct 18): On the surface, Keppel Corporation had a dismal 3Q19.
The conglomerate missed analysts’ estimates, as earnings dived 29.7% to $159.3 million during the quarter, down from $226.6 million in 3Q18.
The decline was primarily attributable to the absence of one-off gains from the group’s divestment of a commercial development in Beijing, as well as higher net interest expenses.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)