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Keppel Land Q3 profit slides 10.6% on lower sales

Divestment gains help absorb impact of revenue fall; drag comes from property trading segment

Keppel Land saw a gain S$59.5 million - after accounting for non-controlling shareholder's 35.37 per cent share - from the divestment of Equity Plaza.


KEPPEL Land's net profit for the third quarter ended Sept 30 slipped 10.6 per cent to S$113 million as divestment gains helped absorb the impact of lower sales.

Group revenue for the third quarter dived 59.6 per cent from a year ago to S$168.7 million, with the main drag