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Thursday, April 21, 2011

Keppel Corp Q1 2011 Quarterly Earnings Report

Keppel Corp Q1 2011 Quarterly Earnings Report:
Key Points
  • Net profit improved 7.8% to S$346 million, compared to 1Q 2010’s S$321 million (restated).
  • Earnings Per Share of 21.5 cents, up 7% from 1Q 2010’s 20.1 cents.
  • Annualised ROE of 19.3%.
  • Economic Value Added of S$225 million.
  • Cash outflow of S$20 million.
  • Net cash remains at 0.02x.
  • The Offshore & Marine Division has secured $4.5 billion worth of new orders in the first quarter, more than what was secured for the whole of 2010. Since then, in the first weeks of April, it has secured a few more contracts, bringing the total of new orders secured year to date to $5 billion.
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