Keppel Corp., the world’s largest oil-rig maker, said fourth-quarter profit climbed 30% as higher sales at a property unit offset slumping demand for rigs.
Net income climbed to $343 million from $263 million a year earlier, the company said today in a statement to the Singapore stock exchange. Keppel also proposed distributing 50.5% of K-Green Trust to existing shareholders as dividend prior to listing the unit.
