Keppel profitable. Offshore division breaks even

Singapore’s industrial conglomerate Keppel Corporation posted a revenue of S$1,6 billion for the third quarter of 2017, an increase S$158 million or 11% above that of 3Q 2016.

However, revenue from the Offshore & Marine Division, Keppel is mostly famous for, declined by S$136 million to S$380 million, 25 percent down from last year’s S$516 million because of lower volume of work.

The group net profit as a whole was S$291 million in the quarter, an increase versus 3Q 2016 S$225 million.

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