25 Jan '18, 9am
Singapore's Keppel Corp says 72% fall in 2017 net profit after financial penalties in Brazil bribery case
The Directors of Keppel Corporation will be proposing a final cash dividend of 14.0 cents per share for FY 2017, taking into account the Group's improved performance, excluding Keppel O&M's one-off financial penalty and related costs, the stronger cash flow position and the lower gearing. Including the interim cash dividend of 8.0 cents per share paid to shareholders in August 2017, the total distribution for FY 2017 will be 22.0 cents per share, compared to the 20.0 cents per share paid out for FY 2016. The total distribution proposed for FY 2017 represents a payout ratio of about 48% on the Group's net profit of S$836 million, excluding the one-off financial penalty and related costs.