Keppel Corporation said on Wednesday its net profit in the first quarter dropped 5% on the year to $339 million.
Keppel is the world's top offshore jackup drilling rig producer and has business in property development and infrastructure. The firm booked revenue of nearly $3 billion for the quarter, up 8.6 percent from a year earlier, it said in a statement.
The offshore and marine division secured $1.9 billion worth of new orders in the quarter, pushing the company's net order book to a record high of $14.4 billion.
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