Keppel Corporation Limited reported un-audited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the year, the company reported profit attributable to shareholders of the company of SGD 2,237,299 or 123.6 cents per diluted share on revenue of SGD 13,964,841 compared to profit attributable to shareholders of the company of SGD 1,945,765 or 108.2 cents per diluted share on revenue of SGD 10,082,467 for the last year. The company reported operating profit of SGD 2,621,175 compared to SGD 2,824,344, profit before tax of SGD 3,256,267 compared to SGD 3,312,702, net cash from operating activities of SGD 1,006,567 compared to net cash used in activities of SGD 223,815. The group spent SGD 1.3 billion on acquisitions and capital expenditure. This pertains mainly to capital expenditure for the expansion of Keppel Merlimau Cogen Plant, investments in associated companies and other operational CapEx. Return on equity remain healthy at 22.6%. 2012 saw robust cash flow of SGD 2.6 billion generated from operations. This was a significant increase of about SGD 500 million from the previous year.

The Directors recommend a final dividend of 27.0 cents per share tax exempt one-tier compared to 26.0 cents per share tax exempt one-tier in respect of the financial year ended 31 December 2012 for approval by shareholders at the next annual general meeting to be convened on 19 April 2013 and, if approved, will be paid on 8 May 2013.