Keppel’s net profit smashes $1b mark for fifth straight year

The group’s net profit jumped 14% to a whopping $1.5 billion in 2011.

According to a statement, the group’s revenue also surged 10% to $10 billion, with improvement seen in all key divisions.

Earnings per share were also 13% higher at 83.8 cents.

With this record performance, Keppel proposed a final dividend of 26 cents per share. Together with the interim dividend of 17 cents, total distribution for 2011 will be 43 cents per shares, a 13% increase over 2010.

Here’s more from Keppel’s financial statement:

Financial Highlights
All key line items showed double digit improvement as compared to the previous year. Operating profit increased by 22% principally because of better margins at O&M and Energy. Profit before tax increased by 15%.

Net profit reached a record $1.49 billion, an improvement of 14% from the previous year.

Revenue by Segments
Revenue increased 10% to $10.1 billion, with improvement seen in all key divisions.

Offshore & Marine Division remained the main contributor to Group Revenue at 57%.

Infrastructure Division recorded a 14% increase in revenue owing to higher revenue from the cogen power plant as a result of higher retail prices, higher contract load and higher gas sales. This was partly offset by lower revenue from KIE.

Revenue from Property Division saw a significant improvement of 41% due to higher recognition of revenue by both its overseas operations and Singapore trading projects.

Net Profit by Segments
Offshore & Marine Division, which accounted for 71% of the Group’s earnings, increased its net profit by 8% over the previous year.

Infrastructure Division posted a significant 44% improvement in profits, driven mainly by Energy with contributions from KTT. Provisions were made for the Doha wastewater treatment plant due to delays, in what has been a challenging project for KIE to execute.

The Property Division, the second largest contributor to the net profit, registered an increase of 40% in net profit.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia