SINGAPORE (Oct 18): Keppel Corporation reported 3Q18 earnings ended Sept of $226 million, 15% lower than the $265 million for 3Q17. This brings 9M18 earnings to $809 million, 18% higher than the $688 million achieved a year ago.

The weaker third quarter bottomline was mainly due to lower contributions from the investments and property divisions, but offset by stronger performance in the infrastructure and O&M divisions which registered a net profit of $2 million, after losses in the preceding three quarters.

Third quarter group revenue came in at $1.3 billion, 20% lower than the $1.6 billion registered a year ago.

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