Keppel Corporation Limited (SGX: BN4), a well-known Singapore blue-chip conglomerate, with four main business segments — Energy & Environment, Urban Development, Connectivity, and Asset Management. The group just announced its 2020 financial results. Without further ado, let’s dive into Keppel’s earnings to see how it performed for the year and its plans going forward. TL;DR: Keppel’s Business Hit By Industry Headwinds 

• Keppel’s 2020 revenue falls 13.3% year-on-year to S$6.6 billion.
• The group goes into a net loss of S$506 million, compared to a net profit of S$707 a year ago.
• Keppel’s oil and marine (O&M) business has been severely impacted by the pandemic and the fall in global demand for oil.

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