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Keppel's H1 Attributable Profit Drops 59%

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Keppel's (SGX:BN4) net profit attributable to shareholders fell 59% to SG$155 million for the six months ended June 30 from SG$378 million a year ago, according to a Wednesday filing to the Singapore Exchange.

Shares of the global asset manager were down nearly 1% in Thursday's trade.

Earnings per share declined to SG$0.085 from SG$0.206 a year earlier.

Revenue in H1, however, increased 25% year-on-year to SG$3.81 billion from SG$3.06 billion.

The company declared an interim cash dividend of SG$0.15 per share, unchanged from a year ago, to be paid to shareholders on Aug. 21.

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