{"id":14655,"date":"2020-07-31T09:52:55","date_gmt":"2020-07-31T06:52:55","guid":{"rendered":"https:\/\/www.al-sindbad.net\/keppel-posts-huge-first-half-loss-on-rig-building-impairments\/14655\/"},"modified":"2020-07-31T09:52:55","modified_gmt":"2020-07-31T06:52:55","slug":"keppel-posts-huge-first-half-loss-on-rig-building-impairments","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/keppel-posts-huge-first-half-loss-on-rig-building-impairments\/14655\/","title":{"rendered":"Keppel Posts Huge First Half Loss on Rig Building Impairments"},"content":{"rendered":"<p><\/p>\n<p>SINGAPORE, July 30 (Reuters) \u2013 Singaporean conglomerate Keppel Corp reported a loss in the first half of 2020 due to impairments in its offshore and marine business that has been battered by low global oil prices.<\/p>\n<p><\/p>\n<p>Keppel posted a net loss of S$537 million ($390 million) for the six months to June, compared with a net profit of S$356 million a year ago.<\/p>\n<p><\/p>\n<p>The company, whose businesses range from property development to rig-building, said it incurred impairments of S$930 million during the period mostly related to its offshore and marine business.<\/p>\n<p><\/p>\n<p>The market is closely watching results for any breach of pre-conditions to state investor Temasek Holding\u2019s $3 billion offer to acquire a controlling stake in the company.<\/p>\n<p><\/p>\n<p>($1 = 1.3753 Singapore dollars) (Reporting by Aradhana Aravindan in Singapore; Editing by Edmund Blair)<\/p>\n<p><\/p>\n<p><em>(c) Copyright Thomson Reuters 2020.<\/em><\/p>\n<p>gCaptain<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, July 30 (Reuters) \u2013 Singaporean conglomerate Keppel Corp reported a loss in the first half of 2020 due to impairments in its offshore and marine business that has been battered by low global oil prices. Keppel posted a net loss of S$537 million ($390 million) for the six months to June, compared with a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":14656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[2228,5226,8509,2122,2316,1309,1957],"class_list":["post-14655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marine-world","tag-building","tag-huge","tag-impairments","tag-keppel","tag-loss","tag-posts","tag-rig"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/14655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=14655"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/14655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/14656"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=14655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=14655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=14655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}