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Will the O&M sector continue to be a drag Keppel?

In print this week

Will the O&M sector continue to be a drag Keppel?

Thiveyen Kathirrasan Published on Fri, Jan 25, 2019 / 3:22 PM GMT+8

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SINGAPORE (Jan 25): Keppel Corp has still not recovered from the offshore and marine slump. Its O&M division continued to make a loss last year.

For FY18, Keppel Corp announced earnings of $944 million, up 382% from $196 million in 2017, or up 16% from $815 million, excluding the one-off penalty of $619 million for global resolution with the authorities in the US, Brazil and Singapore. Property was the biggest earnings contributor for the fourth consecutive year.

See: Keppel reverses out of the red in 4Q with earnings of $135 mil on absence of graft-linked penalty and costs