Keppel Corp says it made a net profit in the first quarter of 2021, despite a continued weak performance at its offshore and marine operation.
All key business units apart from Keppel Offshore & Marine (Keppel O&M) were profitable, the company said in its first quarter update.
However, it said Keppel O&M’s performance improved quarter-on-quarter, with Ebitda for the first quarter turning positive due to improving margins and productivity.
