Financial News - 22 APR 2010: Quarterly Earnings Report for Keppel Corp

First quarter 2010 results for Keppel Corp:

• Full Report

Key Points

• Net profit improved 13% to S$322 million compared to 1Q09.
• Earnings per share of 20.2 cents, up 13% from 1Q09’s 17.9 cents.
• Annualised ROE remained above 20%.
• Economic Value Added increased from S$211 million to S$240 million.
• Cash outflow of S$501 million.

Author's Note
Prior to the announcement of results after the trading hours today, the stock has surged to a new 52 week closing high of $9.97, with an intraday high breaking the $10 mark at $10.04.