Revenue
$6.0b
Decreased 12% from FY 2016's $6.8 billion.

Revenue decreased mainly due to lower revenue from the Offshore & Marine and Property divisions, partially offset by higher revenue from the Infrastructure and Investments divisions.

Net Profit
$217m
Including the one‑off financial penalty and related costs of $619 million^.

Net profit decreased 72% from FY 2016's $784 million.

$836m
Excluding the one‑off financial penalty and related costs of $619 million^.

Net profit increased 7% from FY 2016's $784 million, mainly due to higher contribution from the Property, Infrastructure and Investments divisions, partially offset by lower contribution from the Offshore & Marine Division.

Return on Equity
1.9%
Decreased by 5.0 percentage points from FY 2016's 6.9%.

Excluding the one‑off financial penalty and related costs of $619 million^, Return on Equity was 7.0%, an increase of 0.1 percentage points from FY 2016.

Earnings Per Share
$0.12
Decreased 72% from FY 2016's $0.43 per share.

Excluding the one‑off financial penalty and related costs of $619 million^, Earnings Per Share was $0.46, an increase of 6% from FY 2016.

Cash Dividend Per Share
22.0cts
Increased 10% from FY 2016's cash dividend of 20.0 cents per share.

Total distribution for FY 2017 comprises a proposed final cash dividend of 14.0 cents per share and the interim cash dividend of 8.0 cents per share paid out in 3Q 2017.

Net Asset Value Per Share
$6.29
Decreased by 2% from FY 2016's $6.42 per share.
Net Gearing Ratio
0.46x
Improved from FY 2016's net gearing of 0.56x.
Free Cash Inflow*
$1,802m
Increased from FY 2016's $540 million.
^ One‑off financial penalty and related costs of $619 million arose from Keppel Offshore & Marine's global resolution with criminal authorities in the United States, Brazil and Singapore, and related legal, accounting & forensics costs.
* Free cash inflow excludes expansionary acquisitions and capital expenditure, and major divestments.
Group Quarterly Results ($m)
2017 2016
1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total
Revenue 1,248 1,554 1,617 1,545 5,964 1,743 1,625 1,459 1,940 6,767
EBITDA 243 196 374 175 988 334 292 238 168 1,032
Operating profit 187 139 324 126 776 278 234 185 98 795
Profit/(Loss) before tax 346 218 363 (411)^ 516^ 278 285 286 206 1,055
Attributable profit/(loss) 260 161 291 (495)^ 217^ 211 205 225 143 784
Earnings per share (cents) 14.3 8.9 16.0 (27.3)^ 11.9^ 11.6 11.3 12.4 7.9 43.2
2017 2016 % Change
For the year ($m)
Revenue 5,964 6,767 -12%
Profit
EBITDA 988 1,032 -4%
Operating 776 795 -2%
Before tax 516^ 1,055 -51%
Net profit 217^ 784 -72%
Operating cash inflow 1,377 294 368%
Free cash inflow* 1,802 540 234%
Economic value added (834)^ (140) 496%
Per share
Earnings ($) 0.12^ 0.43 -72%
Net assets ($) 6.29 6.42 -2%
Net tangible assets ($) 6.21 6.34 -2%
At year-end ($m)
Shareholders’ funds 11,433 11,659 -2%
Non-controlling interests 527 675 -22%
Total equity 11,960 12,334 -3%
Net debt 5,519 6,966 -21%
Net gearing ratio (times) 0.46 0.56 -18%
Return on shareholders’ funds (%)
Profit before tax 4.3^ 8.8 -51%
Net profit 1.9^ 6.9 -72%
Shareholders’ value
Distribution (cents per share)
Interim dividend 8.0 8.0 -
Final dividend 14.0 12.0 17%
Total distribution 22.0 20.0 10%
Share price ($) 7.35 5.79 27%
Total shareholder return (%) 30.9 (6.3) n.m.
n.m. = not meaningful
^ Includes the one‑off financial penalty from the global resolution and related costs of $619 million.
* Free cash inflow excludes expansionary acquisitions and capital expenditure, and major divestments.