Keppel profit inches higher, with transformation into global manager 'bearing fruit'

Financial Performance: Keppel reported a 7% increase in net profit to S$513 million for the first half of the year, driven by strong performances in its infrastructure and connectivity segments, despite a decline in real estate contributions.

Strategic Transition: The company is successfully transitioning into a global asset manager, with asset management profits more than doubling to S$75 million, and aims to oversee $150 billion in assets by 2030 while expanding its technology and energy services contracts.