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Keppel Land News

01 Nov 2015

Keppel Launches Greenfield Data Centre

Keppel Telecommunications & Transportation Ltd (Keppel T&T) officially opened its Almere Data Centre 2 today, its first greenfield data centre in Europe*. The opening of the facility was attended by Guest-of-Honour Prof. Dr. Jan Peter Balkenende, former Prime Minister of the Netherlands and Partner, Corporate Responsibility at EY. Also in attendance were Mr John Neary, Ambassador of Ireland to the Netherlands, Mr Ethan Chua, Deputy Chief of Mission & Counsellor, Embassy of the Republic of Singapore, Mr Mark Pol, Vice Mayor of the City of Almere for Finance, Economic Affairs and Municipal Real Estate and Mr Alexander Van Der Hooft, EVP Operations Business Market at KPN.

22 Jan 2015

Keppel Q4 Profit Up; 2014 Profit Beats Street

Keppel Corp's full-year profit up 2 pct at S$1.9 bln. Singapore's Keppel Corp Ltd said fourth-quarter net profit rose 6.1 percent to S$725.9 million ($544.8 million), while its full-year profit rose 2 percent and beat analysts' consensus. Keppel on Thursday posted a full-year profit of S$1.9 billion, beating the S$1.6 billion average estimate of 22 analysts polled by Thomson Reuters. The fourth-quarter profit was boosted by a 2.6 percent gain in offshore and marine unit's pretax profit and contribution from the infrastructure unit that posted a loss a year earlier. Its property division's pretax income dropped 37 percent on the year, Keppel said in a statement.

28 May 2014

Keppel's Senior Executive Director to Retire

Keppel Corporation Limited announced that Teo Soon Hoe, Senior Executive Director, Keppel Corporation will retire June 1, 2014. Teo will step down as Chairman of Keppel Telecommunications & Transportation Ltd (Keppel T&T) and non-independent director of Keppel Infrastructure Fund Management Pte Ltd (KIFM), Trustee Manager of Keppel Infrastructure Trust, with effect from the same date. Teo will continue to represent Keppel Corporation as its nominee director on the boards of Tianjin Eco-city companies, and k1 Ventures Limited. Further, Keppel Land Limited (Keppel Land) and Keppel T&T have appointed him as Senior Advisor to their respective boards and he will also continue to represent Keppel T&T as its nominee director on the board of M1 Limited.

16 Apr 2014

Keppel Q1 Profits Dip Slightly

Maersk Intrepid was delivered by Keppel in Q1 2014 (Photo courtesy Maersk)

The Keppel Corporation released its limited unaudited results for the first quarter ending March31, 2014, reporting a 5% decrease in net profits to S$339 million compared to Q1 2013's S$357 million, though the company attributed the decline to one-off gains from the reversal of provision from the sale of a power barge and write-back of tax provision made by Keppel Land in Q1 2013. Earnings per share also fell, now 18.7 cents, down 6% from 1Q 2013's 19.8 cents, while economic value added decreased from S$217 million to S$151 million.

25 Nov 2013

Keppel Partners Esplanade in Singapore Schools Program

Esplanade on the Bay Singapore: Photo credit Esplanade

Keppel Corporation will partner Esplanade - Theatres on the Bay to relaunch its Keppel Nights programme, supporting the centre's efforts to cultivate lifelong arts engagement among the young. Keppel has committed $360,000 over two years to Esplanade in support of the program. Keppel Nights, launched by Keppel Corporation in 2008, was a first-of-its-kind sustained ticket subsidy programme to nurture an audience for the arts. It benefited over 15,000 arts goers and supported over 200 shows.

09 Oct 2012

New Appointments at Keppel Strengthen Growth

The Board and Management of Keppel Offshore & Marine Ltd (Keppel O&M) wish to announce several new appointments as part of ongoing efforts to put in place a strong leadership team to continually reinforce the Group's growth strategy. Mr Michael Chia, 59, has been appointed Managing Director (Marine) of Keppel O&M and will oversee Keppel O&M's Marine Division which includes Keppel Shipyard, Keppel Singmarine and other marine-related overseas yards. Mr Chia will concurrently hold his appointments as Managing Director (Technology) of Keppel O&M and Managing Director of Keppel O&M Technology Centre. He will report directly to Mr Chow Yew Yuen, Chief Operating Officer of Keppel O&M.

09 Sep 2012

Keppel Sets Up Charitable Foundation

Keppel Corporation launch Keppel Care Foundation Limited to help the needy & under-privileged, promote education & encourage eco-friendly initiatives. The Keppel Group of Companies (Keppel) will commit up to S$50 million over the next ten years to the Foundation. Provide relief from human suffering and improve the standard of human life by the prevention, combating and treatment of sickness and disease. Former President of the Republic of Singapore, Mr S R Nathan, launched the Keppel Care Foundation today at a fundraising concert to celebrate Keppel Offshore & Marine's 10th anniversary. At the launch, President Nathan also witnessed the presentation of cheques from the Foundation totalling S$6.7 million.

26 Jan 2012

Keppel Details FY 2011 Results

The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the full year ended 31 December 2011. The FY 2011 Report Card and the Address by Mr Choo Chiau Beng, Chief Executive Officer, are below. I am pleased to announce that 2011 was yet another record year for Keppel Corporation. Our net profit grew by 14% to a new high of nearly $1.5 billion. This is the fifth year running that our net profit has surpassed the $1 billion mark. Also for the fifth consecutive year, our Return on Equity has remained above 20%. Economic Value Added has also increased to $1,024 million for the year. With these strong results, the Board of Directors will be recommending a total distribution to shareholders of 43 cents per share for the whole year.

20 Oct 2011

Keppel Appoints New CFO

In a move towards succession planning, the Board of Directors of Keppel Corporation Limited ("Keppel" / the "Company") announced that Mr Teo Soon Hoe will relinquish his role as Group Finance Director with effect from 1 January 2012. Mr Teo, 62, will continue to serve as Senior Executive Director and remain on the Keppel Board. He will remain as Chairman on the boards of Keppel Telecommunications & Transportation Ltd and M1 Limited. He will assist the CEO, Mr Choo Chiau Beng to strategize and grow Keppel's competencies in Sustainable Development, and oversee Keppel's investment portfolio and special projects such as the Sino-Singapore Tianjin Eco-City.

01 Apr 2011

Keppel Group Releases Dates for First Quarter 2011 Financial Results

The Keppel Group of Companies is pleased to announce its first quarter 2011 financial results on the following dates:     * K-Green Trust on 14 April 2011     * K-REIT Asia on 14 April 2011     * Keppel Telecommunications & Transportation Ltd on 18 April 2011     * Keppel Land Limited on 19 April 2011     * Keppel Corporation Limited on 20 April 2011 This notice will be updated should there be any amendments   Source: Keppel Group

26 Jan 2011

Keppel Corp. Year End Results for 2010

The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the full year ended 31 December 2010. The FY 2010 Report Card and the Address by Mr Choo Chiau Beng, Chief Executive Officer, are below. The full set of financial documents for the results and the Address by Mr Teo Soon Hoe, Senior Executive Director and Group Finance Director, are attached and also available for download below. 1. Net profit before exceptional items improved 12% to S$1,419 million, compared to FY 2009's S$1,265 million. 2. Earnings Per Share of 88.7 cents, up 12% from FY 2009's 79.4 cents. 3. ROE remained above 20%. 4. Economic Value Added before exceptional items increased from S$1,026 million to S$1,035 million.

22 Oct 2009

Keppel Q3 2009 CEO Remarks

The global economy has shown some signs of recovery this past quarter. The Chinese economy is now widely expected to grow beyond 8% this year. Housing construction in the US rose in August to the highest level in nine months. Europe appears to be on track to exit the recession in the third quarter. In Singapore, the government has just revised its growth forecast for the economy upwards, to the range of minus 2.5% to minus 2% for 2009. Overall, although sustained recovery in private consumption and investment is still needed to support the positive momentum, there is a cautious optimism for modest growth in the near term. Against this backdrop, I am happy to report that Keppel Corporation has turned in yet another solid performance in the third quarter. PATMI for 3Q’09 grew 17% to $319m.

05 Mar 2008

Keppel FELS to Build $205m Jackup Rig

Keppel FELS Limited (Keppel FELS) will build a third KFELS B Class jackup drilling rig worth about US$205 million for PetroVietnam Drilling & Well Services Corp’s (PV Drilling) subsidiary PetroVietnam Drilling Investment Corp (PVD Invest). The agreement is subject to conditions being met by March 14. This latest unit and PVD Invest’s second rig PV Drilling II, which is already under construction at Keppel FELS, are scheduled for delivery in the fourth quarter of 2009 respectively.

05 Feb 2001

Keppel Earnings Strong

Singapore conglomerate Keppel Corporation (KepCorp) and its units will report record profits over the next week, but a lack of progress on the restructuring front will stifle a return of investor interest, analysts say. Funds have neglected KepCorp, once considered a proxy for Singapore because of its interests ranged from telecoms and ship-repair to banking and property, and its shares are now drifting near the bottom of their historical trading range. Analysts expect the group, in which the government has a 32 percent stake, to report another year of record profits for 2000, topping 1999's $127 million. KepCorp's seven listed subsidiaries are Keppel Land…

22 Nov 1999

Keppel Philippines Appoints New Execs.

Keppel Corporation Ltd.'s Group Finance Director, Teo Soon Hoe has been appointed Chairman of Keppel Philippines Holdings, Inc (KPH), following the retirement of Loh Wing Siew. Charles Foo, who currently serves as the managing director of Keppel Hitachi Zosen, will assume Loh's post as Chairman of Keppel Philippines Marine, Inc (KPMI) and Subic Shipyard and Engineering Inc (SSEI). Kevin Wong, who is the executive director and managing director of Keppel Land Limited (Keppel Land) in Singapore, will take over as chairman of Keppel Philippines Properties Inc (KPPI).