Brief: Keppel Says Overall Net Profit For 1Q Was Lower YoY

Keppel

23/04/2026 24:48

April 23 (Reuters) - Keppel Ltd KPLM.SI:

OVERALL NET PROFIT FOR 1Q 2026 WAS LOWER YOY

ASSET MANAGEMENT FEES ROSE 13% YOY TO S$108 MILLION IN 1Q 2026

HAS SOLD ITS ENTIRE 5% STAKE IN SEATRIUM AS AT 1 APRIL 2026

KEPPEL HAS LIMITED DIRECT EXPOSURE TO MIDDLE EAST

NOT SEEN ANY NOTABLE IMPACT ON CO FROM M.EAST CONFLICT SO FAR

TARGET TO MONETISE S$2-S$3 BILLION OF NON-CORE ASSETS IN 2026

IF PROLONGED DISRUPTION TO GAS SUPPLY AND AN ENERGY CRUNCH, KEPPEL WOULD ALSO BE AFFECTED.

Further company coverage: KPLM.SI

 ((Reuters.Briefs@thomsonreuters.com;))