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Keppel Corp's transformation is moving in the right direction

Samantha Chiew
Samantha Chiew8/2/2022 12:46 PM GMT+08  • 5 min read
Keppel Corp's transformation is moving in the right direction
Analysts are positive on Keppel Corp.
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Analysts are keeping a bullish stance on Keppel Corporation following the announcement of its latest 1HFY2022 ended June results.

To recap, the group on Jul 28 announced that its overall net profit grew by 66% y-o-y to $498 million, due to the group reporting profitability across all segments including its discontinued offshore & marine operations.

The discontinued operations comprise the results of Keppel Offshore & Marine (Keppel O&M), excluding certain out-of-scope assets and other group adjustments. Excluding the operations from Keppel O&M, Keppel Corporation’s earnings or net profit attributable to shareholders increased by 26.4% y-o-y to $434.1 million for the half-year period.

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