Singapore’s Keppel Ltd announced a 25% increase in first-quarter net profit, excluding legacy offshore and marine assets, attributed to strong performance in its infrastructure and asset management sectors. CEO Loh Chin Hua noted that the impact of US tariffs on Keppel is expected to be limited, although indirect effects from a trade war could arise. The company aims to transition into an asset manager managing S$200 billion by 2030, with a reported S$347 million in asset monetization year-to-date.
Source: Reuters/ec
