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Keppel First Quarter Profit Dips on Real Estate Weakness

The Singaporean firm reported a marginal drop in net profit for the first quarter of 2026. Lower contributions from the real estate division impacted results.

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Singapore-based global asset manager and operator KEPPEL LTD reported a marginal decline in its first-quarter net profit on Thursday. The results, which exclude the firm's non-core portfolio earmarked for divestment and discontinued operations, were primarily impacted by a softened performance within its real estate segment.

The corporate logo of Keppel is displayed at their headquarters in Singapore, photographed on July 6, 2023. REUTERS/Edgar Su
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