1Año·

$BN4 (-0,54 %) Singapore's Keppel Corp (KPLM.SI) on Thursday reported a more than seven-fold rise in its first-half profit


https://www.reuters.com/business/singapores-keppel-logs-over-seven-fold-jump-first-half-profit-2023-07-27/


Keppel sold its offshore and marine business to Sembcorp Marine in February for S$4.50 billion (US$3.40 billion), booking a S$3.3 billion gain as it aims to become an asset manager managing US$150 billion by 2030 and focus on green energy.


As of June 30, the company managed funds worth S$53.2 billion Singapore dollars.


In May, Keppel announced a restructuring plan to quadruple its assets under management and make it operate more similarly to Canada's Brookfield Asset Management (BAM.TO) and Australia's Macquarie Group Ltd (MQG.AX) .


Since the program began in October 2020, the company has so far achieved cumulative asset monetization of 4.8 billion Singapore dollars . The target is to achieve cumulative asset monetization of up to 12 billion Singapore dollars by the end of 2026.


Shareholders will receive a total cash dividend of 33 Singapore cents per share, representing a yield of 4.7 percent, based on Keppel's closing share price of S$6.99 on July 26.


https://www.businesstimes.com.sg/companies-markets/keppel-corp-h1-profit-rises-over-s36-billion-highest-55-year-history


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