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Singapore asset manager Keppel's half-year profit rises 25%

Singapore asset manager Keppel's half-year profit rises 25%

- Singapore's Keppel KPLM.SI on Thursday posted a 25% rise in half-year net profit, excluding the non-core portfolio for divestment, supported by stronger contributions from asset management and the operating platform.

The asset manager posted net profit, excluding the non-core portfolio for divestment, of S$530 million ($411.20 million) for the six months ended June, compared with S$431 million reported a year earlier.


($1 = 1.2889 Singapore dollars)


(Reporting by Keshav Singh Chundawat and Jasmeen Ara Shaikh in Bengaluru; Editing by Shailesh Kuber)

((Jasmeenaraislam.shaikh@thomsonreuters.com
; Keshav.SinghChundawat@thomsonreuters.com))

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