Friday 29 Mar 2024
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SINGAPORE (April 20): Keppel Corporation saw its earnings jump 33.7% year-on-year to S$337.5 million for the 1Q ended March — the highest level achieved in nine quarters since 4Q15. But is the worst over for the conglomerate?

Keppel Corp’s stellar 1Q18 results comes fresh off a net loss of S$495 million in the preceding quarter ended December 2017, which was mainly due to a one-off S$619 million financial penalty arising from a global resolution with authorities in the US, Brazil, and Singapore.

The penalty was due to Keppel O&M’s part in a corruption scandal over illegal payments made by...(click on link for full story on theedgesingapore.com)
 

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