"Data Center Demand Drives Keppel's Annual Profit Higher" This title effectively summarizes the main point of the article, which is that Keppel's annual profit increased due to strong demand for data centers. The use of "Demand Drives" in the title emphasizes the causal relationship between the growth in data center demand and Keppel's financial performance.

Title Data Center Demand Drives Keppel's Annual Profit Higher

The rapid expansion of digital infrastructure has led to a surge in demand for data centers, driving growth for companies like Keppel. As a Singaporean company with over 56 years of experience, Keppel is uniquely positioned to capitalize on this trend.

In its latest financial report, Keppel announced a 5% increase in its full-year underlying profit, largely attributed to strong demand for digital infrastructure required for AI-based services. The company's connectivity segment, which operates its data center business, saw its annual net profit soar nearly 45%.

The Critical Role of Data Centers

Data centers are the physical hubs where computer servers and equipment are housed, enabling companies to process and store vast amounts of data. As more businesses rely on artificial intelligence (AI) and digital services, demand for data centers is surging. Keppel's ability to capitalize on this trend has driven its growth.

Keppel's Strategic Plans

The company plans to more than double its data center funds under management and expand its capacity in the Asia-Pacific region, driven by the growing need for digital infrastructure. This move reflects the region's continued investment in AI and other emerging technologies.

Performance Highlights

While Keppel's highest-earning infrastructure segment saw a 4% decline in profit due to lower distributions from its unit, Keppel Infrastructure Trust, this was offset by strong performance from its connectivity segment, which drove the company's overall growth.

Additional Developments

Keppel also announced plans to transition into an asset manager, targeting SG$200 billion in funds under management by 2030. The company has already reached a milestone of SG$88 billion in funds under management as of December-end.

Conclusion

As demand for digital infrastructure continues to rise, Keppel is well-positioned to benefit from this trend. With its strong performance in the data center segment and plans to expand its capacity, the company is poised to drive growth in the Asia-Pacific region.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

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