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Singapore - Italian Chamber of Commerce in Singapore
 
Keppel 4Q Net Profit Rises 11%; Ends Year With Record Rig Orders
 
Keppel 4Q Net Profit Rises 11%; Ends Year With Record Rig Orders
26-Jan-12        

Keppel Corp. Ltd. (BN4.SG) said Thursday its fourth-quarter net profit rose 11% from a year earlier mainly due to a stronger contribution from its property business and flagged a positive outlook for the current year.

The conglomerate, 21% owned by Singapore state investment firm Temasek Holdings Pte. Ltd., posted a net profit of S$389 million, compared with a restated S$352 million a year earlier. The average estimate in a Dow Jones Newswires poll of six analysts was for net profit of S$380.9 million.

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