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Keppel posts 39% fall in 2Q earnings to $153 mil on absence of en bloc property sales

Uma Devi
Uma Devi7/18/2019 07:23 PM GMT+08  • 3 min read
Keppel posts 39% fall in 2Q earnings to $153 mil on absence of en bloc property sales
SINGAPORE (July 18): Keppel Corporation reported a 38.4% drop in 2Q earnings ended June to $153.4 million, or 8.4 cents per share, from $249 million a year ago due mainly to the absence of en-bloc sales of development projects.
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SINGAPORE (July 18): Keppel Corporation reported a 38.4% drop in 2Q earnings ended June to $153.4 million, or 8.4 cents per share, from $249 million a year ago due mainly to the absence of en-bloc sales of development projects.

For 1H19, Keppel reported earnings of $356.3 million, 39.3% lower than a year ago. The board has approved an interim dividend of 8.0 cents per share for 1H19, which will be paid out on Aug 6.

Group revenue for 2Q19 increased 17% to $1.78 billion from the previous year – bolstered by strong performances from the investments division and the infrastructure division.

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