Keppel H2 profit rises 2.5% to S$439.9 million

- Keppel reported a 2.5% rise in net profit to S$439.9 million for H2 2023.
- Earnings per share (EPS) increased to S$0.246 from S$0.242 in H2 2022.
- Net profit from continuing operations, excluding discontinued operations, rose 8.8% to S$440.3 million.
- Revenue from continuing operations remained nearly flat at S$3.3 billion, down 0.4% YoY.
- Infrastructure and connectivity segments saw revenue gains, while the real estate segment declined.
- Proposed final dividend for FY2023 is S$0.19 per share, bringing the total cash dividend to S$0.34 per share.
- Total cash dividend translates to a yield of 4.7% based on Keppel’s Jan 31 closing price.
- For the full year ended Dec 31, 2023, net profit surged 338.9% to S$4.1 billion, and revenue increased by 5.2% to S$7 billion.