Keppel's infrastructure business to rake in $150m profits

Thanks to Qatar and Manchester projects.

According to CIMB, we expect the infrastructure business to turn in around S$150m profit in FY13 as provisions made for the Qatar and Manchester projects are contained.

Here's more:

Some $150m-200m of provisions for delays and cost overruns were made in FY12, resulting in a loss of about S$1m for infrastructure. Keppel Cogen should continue to benefit from the high power spread until the commissioning of LNG terminal.

Operational & maintenance of the Qatar projects should also contribute steady annual profit of about S$10m.

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