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 decreased 72% from FY 2016's $784 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.
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.
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.
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.
^ 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)|
|Profit/(Loss) before tax||346||218||363||(411)^||516^||278||285||286||206||1,055|
|Earnings per share (cents)||14.3||8.9||16.0||(27.3)^||11.9^||11.6||11.3||12.4||7.9||43.2|
|For the year ($m)|
|Operating cash inflow||1,377||294||368%|
|Free cash inflow*||1,802||540||234%|
|Economic value added||(834)^||(140)||496%|
|Net assets ($)||6.29||6.42||-2%|
|Net tangible assets ($)||6.21||6.34||-2%|
|At year-end ($m)|
|Net gearing ratio (times)||0.46||0.56||-18%|
|Return on shareholders’ funds (%)|
|Profit before tax||4.3^||8.8||-51%|
|Distribution (cents per share)|
|Share price ($)||7.35||5.79||27%|
|Total shareholder return (%)||30.9||(6.3)||n.m.|
n.m. = not meaningful