Singapore's Keppel Corp Q3 Drops 12 pct

Singaporean conglomerate Keppel Corporation Ltd said third-quarter net profit fell 12 percent from a year earlier, weighed down by the weak performance in its offshore and marine business.

Keppel, one of the world's top offshore drilling rig builders, reported on Thursday a net profit of S$363 million ($261 million) for the three months ended Sept 30 on revenue of S$2.4 billion, down 23 percent from a year earlier.

(Reporting by Rujun Shen)