Keppel Corporation Limited Reports Unaudited Group Financial Results for the Fourth Quarter and Full Year Ended December 31, 2016; Reports Impairment/Write-Off of Fixed Assets for the Fourth Quarter Ended December 31, 2016
For the year, the company reported revenue of SGD 6,767,264,000 compared to SGD 10,296,473,000 a year ago. Operating profit was SGD 795,213,000 compared to SGD 1,513,631,000 a year ago. Profit before tax was SGD 1,054,922,000 compared to SGD 1,997,394,000 a year ago. Profit attributable to shareholders of the company was SGD 783,928,000 or 42.9 cents per diluted share compared to SGD 1,524,622,000 or 83.5 cents per diluted share a year ago. Net cash from operating activities was SGD 330,023,000 compared to net cash used in operating activities of SGD 785,497,000 a year ago. Acquisition of fixed assets and investment properties was SGD 466,226,000 compared to SGD 1,158,417,000 a year ago. Net asset value per ordinary share was SGD 6.42 as on December 31, 2016 against SGD 6.13 as on December 31, 2015. Net tangible asset per ordinary share was SGD 6.34 as on December 31, 2016 against SGD 6.07 as on December 31, 2015. Net Debt was SGD 6,966 million as on December 31, 2016 against SGD 6,366 million as on December 31, 2015. ROE was 6.9% against 14.2% a year ago.
For the quarter, the company reported impairment/write-off of fixed assets of SGD 87,434,000 compared to SGD 8,018,000 a year ago.