Keppel Corporation Limited reported unaudited group financial results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue of SGD 1,939,989,000 compared to SGD 2,479,645,000 a year ago. Operating profit was SGD 98,015,000 compared to SGD 330,735,000 a year ago. Profit before tax was SGD 205,938,000 compared to SGD 574,743,000 a year ago. Profit attributable to shareholders of the company was SGD 143,061,000 or 7.8 cents per diluted share compared to SGD 404,781,000 or 22.1 cents per diluted share a year ago. Net cash from operating activities was SGD 193,744,000 compared to SGD 103,224,000 a year ago. Acquisition of fixed assets and investment properties was SGD 277,965,000 compared to SGD 518,679,000 a year ago. EBITDA was SGD 168 million compared to SGD 393 million a year ago. Profit before tax was due mainly to SGD 313 million in additional provisions for impairment during the year for fixed assets, stocks & WIP and investments.

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.