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Keppel's full-year earnings sink 72% to $217 mil on financial penalty

PC Lee
PC Lee1/25/2018 05:28 PM GMT+08  • 3 min read
Keppel's full-year earnings sink 72% to $217 mil on financial penalty
SINGAPORE (Jan 25): Keppel Corporation registered a net loss of $495 million in 4Q17 ended Dec, compared to earnings of $143 million in 4Q16.
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SINGAPORE (Jan 25): Keppel Corporation registered a net loss of $495 million in 4Q17 ended Dec, compared to earnings of $143 million in 4Q16.

This was mainly due to the one-off financial penalty arising from Keppel O&M’s global resolution with criminal authorities in the United States, Brazil and Singapore, and related legal, accounting and forensics costs amounting to $619 million.


See: Keppel O&M fined US$422 mil as part of resolution over bribes for contracts by ex-agent Skornicki

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