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Keppel Corp swings back to the black in 1H21; interim dividend jumps to 12 cents

Felicia Tan
Felicia Tan7/29/2021 06:12 PM GMT+08  • 5 min read
Keppel Corp swings back to the black in 1H21; interim dividend jumps to 12 cents
The dividend, which is significantly higher than the 3.0 cents per share paid out for the 1HFY2020, will be paid out on Aug 19.
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Keppel Corporation has reported earnings of $299.8 million for the 1HFY2021 ended June, reversing from its net loss of $537.1 million in the 1HFY2020.

This was due to the group seeing profitability across all key business units during the half-year period. All four segments also recorded better performances, excluding the gains from the reclassification of Keppel Infrastructure Trust (KIT) and the sale of units in Keppel DC REIT in the 1HFY2020, says CEO Loh Chin Hua in an address via webcast on July 29.

In addition, the net profit in the 1HFY2021 also reflects the absence of the $930 million in impairments mainly related to the offshore & marine (O&M) business in the corresponding period in the 1HFY2020.

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