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Keppel's shipyard business reverses loss-making trend

With a swelling orderbook, Keppel Corporation's Singapore-based shipyard business turned a profit in the first nine months of the year, the group reports. Cost-cutting has driven down overheads.

Photo: PR / Keppel

Keppel Corporation appears to have halted the decline in the group's shipbuilding business, Keppel Offshore & Marine.

According to Keppel's financial press release, Offshore & Marine turned a profit in the first nine months of the year unlike the same period last year, which resulted in a loss. Keppel doesn't report the figures or size of the profits.

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