Keppel's 4Q profits up 17%

The improving offshore and marine industry, and higher productivity in its rig-building business helped Keppel Corp to achieve record profits in the fourth quarter.
Net profit for the three months ended Dec 31 rose 17 per cent to $403 million - the highest quarterly profit in the company's history. This came despite revenue falling 19 per cent to $2.44 billion for the period.
[Read more]
Source: Straits Times