Project deferrals and a reduced revenue helped pull down the division’s bottom line in the three months to the end of June.
It logged a SGD 124m drop in its pre-tax income to finish the quarter SGD 221m ($161m) in the black.
While revenue dropped by SGD 614m, the division notes it still has an orderbook running into 2020.
It includes a $684m deal signed yesterday with Golar LNG for a FLNG conversion.
Keppel management toasted the impact of a diversified business, as a stronger showing from its property arm left overall profit for the quarter down just 2% at SGD 397m.
