SINGAPORE (Jan 29): Investors are ignoring Keppel Corp’s first-ever quarterly loss reported last Thursday, which was caused by $619 million in fines and costs as a result of the bribery scandal in Brazil.

See: Keppel O&M fined US$422 mil as part of resolution over bribes for contracts by ex-agent Skornicki

Since news of the company’s “global resolution” was announced on Dec 23, the share price of Keppel has gained by more than 22% to hit $8.90 today, giving it a market value of $16.2 billion.

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