Singapore’s Keppel Corporation said its net profit fell by a third in the second quarter to $346.8 million from a year ago, mainly due to lower contributions from offshore marine and property and investments.
The profit was behind an average forecast of about $400 million based on estimates by three analysts.
The company expects to see strong prospects for the offshore and marine industry.
Keppel is the world’s top offshore rig builder and also has businesses in real estate and infrastructure.
Thursday, July 18, 2013
Keppel Corp Q2 net profit falls 33%, below forecast
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