Keppel Corp Stabilizes Power Business Amidst O&M Losses

Keppel Corporation Limited (SG:BN4) has released an update.

Keppel Corporation Limited reported a S$209 million loss from legacy offshore and marine assets during its first half of 2024 results, with S$67 million attributed to volatile Seatrium shares, and the rest to associates and vendor notes. Despite the losses, the company’s integrated power business remains strong, with 60% of its capacity contracted for over three years, promising future cash flow predictability and a focus on improving operating margins and reliability in a volatile market.

For further insights into SG:BN4 stock, check out TipRanks’ Stock Analysis page.