KEPPEL Corporation is targeting a mid-to long-term return on equity (ROE) of 15 per cent, even as it reported a 40 per cent drop in first quarter net profit to S$202.9 million. Read more at The Business Times.
Keppel CorporationKEPPEL Corporation is targeting a mid-to long-term return on equity of 15 per cent, even as it reported a 40 per cent drop in first quarter net profit to S$202.9 million.
New contracts totalling about S$1 billion have been secured so far this year - 59 per cent of the S$1.7 billion for the whole of 2018 - prompting the division to plan for additional staff as it prepares for the recovery of its business and to handle the anticipated increase in workload from new projects.
In contrast, the group chalked up smaller gains of S$174 million for Q1FY19 from the divestment of a 70 per cent interest in Dong Nai Waterfront City in Vietnam and the re-measurement of previously held interests in telco M1 at acquisition date. But profit in its property and infrastructure units declined from S$377.8 million and S$26.2 million to S$132.3 million and S$15.9 million, respectively.
First-quarter revenue was S$1.53 billion, up 4.1 per cent year on year from S$1.47 billion, due to higher revenues from power and gas sales, infrastructure projects in Singapore and Hong Kong, asset management and the consolidation of M1.Net asset value per share rose to S$6.35 as at March 31, compared to S$6.22 three months ago.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks to watch: Keppel Reit, Keppel Corp, Soilbuild Reit, Cache Logistics Trust, PECTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
Read more »
Stocks to watch: Keppel Corp, Keppel-KBS US Reit, SPH, MLT, Cache, AA ReitTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
Read more »
Keppel Corp posts lower Q1 net profit, eyes 15% mid- to long-term ROEDESPITE posting a 40 per cent lower net profit of S$202.9 million for the first quarter of financial year 2019 - as a result of smaller gains from en bloc sales of residential projects - Keppel Corporation is targeting a mid- to long-term return on equity (ROE) of 15 per cent for the group. Read more at The Business Times.
Read more »
Stocks to watch: Keppel Infrastructure Trust, Keppel DC Reit, BM Mobility, PCITHE following companies saw new developments that may affect trading of their shares on Tuesday: Read more at The Business Times.
Read more »
Keppel O&M secures contracts worth S$160m from repeat customersKEPPEL Corporation unit Keppel Offshore & Marine (Keppel O&M) has, through its subsidiaries, secured integration and upgrading contracts worth about S$160 million in total, Keppel announced on Wednesday night. Read more at The Business Times.
Read more »
Keppel Reit posts Q1 DPU of 1.39 Singapore centsKEPPEL Reit on Wednesday announced that its first-quarter distribution per unit (DPU) fell 2.1 per cent year-on-year to 1.39 Singapore cents. Read more at The Business Times.
Read more »
Keppel-KBS US Reit posts higher Q1 DPUKEPPEL-KBS US Reit on Tuesday declared a distribution per unit (DPU) of 1.50 US cents for the first quarter, 23 per cent higher than the forecasted 1.22 US cents. Read more at The Business Times.
Read more »
Keppel O&M gets final nod to proceed with Gimi FLNG project worth US$947mKEPPEL Offshore & Marine's (Keppel O&M) subsidiary, Keppel Shipyard, has received final approval to start full conversion works for the Gimi Floating Liquefaction Vessel (FLNG) project, worth some US$947 million. Read more at The Business Times.
Read more »
Keppel makes first LNG cargo import from North America under spot import policyKEPPEL Infrastructure Holdings' wholly owned subsidiary Keppel Gas has completed its first liquefied natural gas (LNG) cargo import under Singapore’s spot import policy, which allows gas customers in the Republic to import up to 10 per cent of their annual long-term contracted LNG intake on a spot cargo basis. Read more at The Business Times.
Read more »
Consortium led by Keppel Infrastructure unit bags S$52.5m Jurong Island pipelines projectJTC Corporation has awarded a S$52.5 million contract to a consortium consisting of Keppel Corp's unit Keppel Infrastructure Holdings and Asia Projects Engineering for a Jurong Island pipelines project, following an open tender. Read more at The Business Times.
Read more »
21 months' jail for ex-Keppel Shipyard employee who took more than $740k in bribesSINGAPORE - A former Keppel Shipyard senior procurement officer collected more than $740,000 in bribes from some of its suppliers after telling them the prices of products quoted by their competitors.. Read more at straitstimes.com.
Read more »