Unaudited Q1 results from Keppel show 56% slump in net profit

According to the unaudited results announced by Keppel Corporation Limited net profit for the first quarter ended 31 March 2013 decreased 56% to S$331 million, compared to Q1 2012's S$751 million.

Earnings per share also dropped 56% y-o-y to 18.4 cents, from 1Q 2012's 41.9 cents. Annualised return on equity was 13.9%. Economic value added decreased from S$654 million to S$191 million. Cash outflow totalled S$732 million. Net gearing of 0.26x.