- 8.6% YoY rise in revenue to S$3b and a 5.1% fall in net profit to S$338.7m in Q1FY14. Excluding one-off gains, net profit in Q1FY14 was largely in line with that in Q1FY13.
- Operating margins of 14.6% in Q1FY14, or about 14.2% excluding the sale of its stake in its associate. This is close to the 14.1% margin seen in Q1FY13.
- The O&M division secured S$1.9b of new orders in Q1FY14, of which five are jack-up rigs. This is evident of a still strong market for the jack-up rig segment, which is seeing utilization rates close to 100%.
- The net orderbook stood at a record S$14.4b with deliveries till 2019
Keppel Corporation released its Q1FY14 financial results. Key highlights as follows: