Keppel's Annual Profit Soars Data Center Demand Fuels Growth This title effectively summarizes the main topic of the article, which is Keppel Corporation's significant increase in annual underlying profit due to strong demand for data centers supporting AI-based services. The use of Soars and Fuels Growth creates a sense of excitement and emphasis on the company's success.

Keppel's Annual Profit Soars Data Center Demand Fuels Growth

Singapore-based conglomerate Keppel Corporation has announced a significant surge in its annual underlying profit, driven by strong demand for digital infrastructure required to support artificial intelligence (AI)-based services. The company's connectivity segment, which operates data centers, saw its annual net profit jump nearly 45 percent.

The Rise of Data Centers

Data centers are the backbone of AI infrastructure, housing computer servers and equipment that companies use to process and store data. As AI-based services continue to gain traction, the demand for these infrastructure hubs is expected to fuel increased investment in the Asia-Pacific region. Keppel's data center business has been a key driver of its growth, with the company planning to more than double its funds under management and expand its capacity.

Executing with Precision

Keppel's success in the data center space can be attributed to its precision execution in identifying and capitalizing on emerging trends. The company has demonstrated an ability to adapt quickly to changing market conditions, staying ahead of the curve. Its commitment to innovation and technology has positioned it as a leader in the industry.

Solid Foundation for Growth

Keppel's highest-earning infrastructure segment saw its profit fall 4 percent to SGD 673 million (USD 494.40 million) for the 12 months ended December 31, 2024. However, this was offset by strong performance from its connectivity segment. The company's net profit from continuing operations rose to SGD 1.06 billion (USD 784.20 million) in 2024, up from SGD 1.02 billion reported a year earlier.

A Bright Future Ahead

Keppel is transitioning into an asset manager with a target of overseeing SGD 200 billion by 2030. The company's funds under management had reached SGD 88 billion by December-end. Its commitment to innovation and technology has positioned it well for future growth. With its strong foundation in place, Keppel is well-equipped to navigate the changing landscape and capitalize on emerging opportunities.

Conclusion

In conclusion, Keppel's annual profit rise demonstrates the company's ability to adapt to changing market conditions and capitalize on emerging trends. Its data center business has been a key driver of growth, and its commitment to innovation and technology has positioned it as a leader in the industry. With its strong foundation in place, Keppel is well-equipped for future growth and success.

Keywords Data Center Demand, AI-Based Services, Digital Infrastructure, Keppel, Asset Management

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.