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Singapore 's Keppel posted a 5% rise in its full-year underlying profit on Wednesday, as earnings for its connectivity segment were boosted by strong demand for digital infrastructure required for artificial intelligence-based services. Budget with ET Tax calculator Annual net profit for Keppel's connectivity arm, which operates its data centre business, rose nearly 45%. Data centres house computer servers and equipment that companies use to process and store data.
The jump in the segment's profit comes amid rising demand for AI and digital infrastructure which is set to fuel increased investment linked to data centres in the Asia Pacific region. Keppel, which was founded over 56 years ago and traces its roots to a shipbuilding yard, said in October that it intends to more than double its data centre funds under management and expand its capacity. Keppel's highest-earning infrastructure segment, on the other hand, saw its profit fall 4% to S$673 million for the 12 months ended Dec.
31, due to a drop in fair value gains from sponsor stakes and lower distributions from unit Keppel Infrastructure Trust. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrows Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Web Development A Comprehensive ASP.
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20 million) in 2024, from S$1.02 billion reported a year earlier. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Keppel, which is transitioning into an asset manager with a target of overseeing S$200 billion by 2030, said its funds under management had reached S$88 billion by December-end.
The firm declared a final dividend of 19 Singapore cents per share, same as last year. ($1 = 1.3517 Singapore dollars).
