Keppel Corp reported a net loss of $537 million for 1H2020, reversing a net profit in 1H2019 of $356 million. The loss was caused by $930 million of impairments mainly related to Keppel Offshore & Marine’s (Keppel O&M) stranded assets, receivables, stocks and share of impairment provisions from Floatel. Excluding impairments, Keppel Corp would have registered net profit of $393 million for 1H2020, 5% higher y-o-y.  

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