Singapore's Keppel lifts nine-month net profit by over 20%
Keppel reported nine-month net profit up over 20%, excluding non-core assets, helped by infrastructure and connectivity units, according to Reuters.
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what happened
Singapore's Keppel said on Thursday that its net profit for the first nine months rose by more than 20%. The figure leaves out non-core assets earmarked for sale and discontinued operations.
The result was driven mainly by strong performance in the group's infrastructure and connectivity businesses. The figures were reported by Reuters.
why it matters
The profit gain points to steady earnings from the group's infrastructure and connectivity assets. Comparisons with earlier periods should be treated carefully, since the non-core holdings are excluded from the calculation.
market impact
Keppel shares: strong profit growth supports the stock
- Keppel shares pressure up — nine-month profit growth above 20% supports sentiment toward the company
tags
instruments
sources
- Singapore asset manager Keppel posts over 20% growth in nine-month profit — Reuters, 28 October 2026 at 23:45 UTC
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