SINGAPORE (Nikkei Markets) -- Singapore conglomerate Keppel Corp posted a 39% drop in second-quarter net profit and cut its dividend as earnings from property plunged. But the company's offshore and marine division showed signs of recovery amid a shift to liquefied natural gas and renewal energy.
"The market for offshore drilling rigs remains challenging. However, we continue to seize opportunities in production and LNG assets as well as specialized vessels," CEO Loh Chin Hua said at a briefing.
