Keppel posts highest net profit in 6 years of $1.02b

Keppel posts highest net profit in 6 years of $1.02b Noreen_jazul Fri, 01/28/2022 - 11:14 am Body As a result, Keppel proposed a final cash dividend of 21 cents per share. Keppel posted its highest net profit in six years of $1.02b in the financial year (FY) 2021, bouncing back from its loss in FY 2020. This also marks the first time that the company’s net profit crossed the billion mark since 2015. As a result, Keppel proposed a final cash dividend of 21 cents per share for FY 2021, bringing the total cash dividend for FY 2021 to 33 cents per share, which is more than triple that of FY 2020. Once approved, the dividend will be paid on 12 May 2022. In the same financial year, Keppel also achieved a positive return on equity of 9.1%, recovering from the negative 4.6% negative 4.6% in FY 2020. Meanwhile, Keppel also announced a $500m Share Buyback Programme.