Singapore’s Keppel logs over seven-fold jump in first-half profit

(Reuters) – Singapore’s Keppel Corp on Thursday posted a more than seven-fold jump in its first-half profit boosted by a one-off gain from the sale of its offshore and marine unit and strong performance from the infrastructure business.

Net profit for the first-half ending June 30 rose to S$3.63 billion ($2.75 billion) from last year’s S$498 million.

($1 = 1.3222 Singapore dollars)

(Reporting by Sameer Manekar in Bengaluru)

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