Keppel Q3 Net Profit Rises Nearly 15% as New Keppel Core Portfolio Grows

Keppel Ltd. (BN4.SI) said third-quarter net profit at New Keppel, excluding the Non-Core Portfolio for Divestment and Discontinued Operations, rose close to 15% year over year. Overall net profit, including those items, was 20% higher than a year earlier. For the nine-month period, New Keppel's net profit grew more than 20% year over year, while overall net profit fell 40%. Recurring income for the nine months rose more than 10% from the prior year. Keppel shares traded at S$10.32 on the Singapore Exchange, up 1.88%.