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earnings
Format: PDF earnings
Keppel reported higher net profit excluding legacy offshore & marine asset effects in 1Q 2024, driven by stronger Infrastructure and Connectivity performance. Asset management fees grew 52% year-over-year, while the company maintained net gearing at 0.90x with competitive cost of funds at 3.81%. Recent regulatory clearance was received for the strategic acquisition of a 50% stake in Aermont Capital.
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