Keppel Corp’s Offshore & Marine arm inched back into the black in the third quarter but remains in the red for the first nine months of 2018.

Singapore-listed Keppel says the division booked a profit of SGD 2m ($1.45m) in the three months to the end of September.

Loh Chin Hua, chief executive of Keppel, says the result bucks three consecutive quarters of losses.