Keppel reverses out of the red in 4Q with earnings of S$135 mil on absence of graft-linked penalty and costs

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SINGAPORE (Jan 24): Keppel Corporation reported earnings of S$135 million for 4Q18 ended Dec 2018, compared to a net loss of S$492 million for 4Q17.

Excluding the one-off financial penalty and related costs of S$619 million arising from Keppel O&M’s global resolution with criminal authorities in 4Q17, earnings for 4Q18 of S$135 million was 6% above the earnings of S$127 million for 4Q17.

FY18 earnings came in at S$944 million, nearly five times higher compared to the earnings of S$196 million for FY17. Excluding the one-off financial penalty and related costs, FY18 earnings of S$944 million would...(click on link for full story on theedgesingapore.com)