Keppel touts progress in new areas as property damps profit

Data centers, electricity retailing among promising businesses

20191017 Keppel Corp logo thm

Keppel earned 159 million Singapore dollars in the three months ended September, down 30% from the same period a year ago. (Photo by Keiichiro Asahara)

SINGAPORE (Nikkei Markets) -- Conglomerate Keppel Corp played up its progress in new areas such as data centers and electricity retailing as its quarterly net profit fell by nearly a third, damped by its substantial property business.

CEO Loh Chin Hua said at a briefing that the company had performed "creditably" amid a volatile international environment marked by trade tensions and slowing global growth.

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