Keppel posts 141% rise in 1Q earnings to $751m

Keppel Corp has reported earnings of $751 million for the 1Q2012 ending Mar 31, a 141% increase over the same period last year.

Choo Chiau Beng, CEO of Keppel, says the lumpy performance in the first quarter was due to the recognition of earnings from homes sold under the deferred payment scheme ar Reflections at Keppel Bay.