Keppel Logs 43% Increase in H2 Profit

MT Newswires

02-05

Keppel's (SGX:BN4) profit in the second half of 2024 surged 43.3% to SG$660.3 million from SG$460.6 million a year earlier.

Basic earnings per share came in at SG$0.349, up 42% from SG$0.246 in the comparable period, according to a Wednesday filing with the Singapore Exchange.

Revenue was up nearly 4% year over year to SG$3.38 billion from SG$3.25 billion, mainly due to stable revenue from asset management fees.

Funds under management grew to SG$88 billion in 2024.

The global asset manager proposed a final cash dividend of SG$0.19 per share.

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