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S$55.8m disposal gain boosts Keppel T&T's Q3 bottom line

Net profit more than quadruples to S$69.88m; subsidiary Keppel Logistics buying 59.6% stake in Courex

Published Wed, Oct 19, 2016 · 09:50 PM

Singapore

KEPPEL Telecommunications & Transportation (Keppel T&T) more than quadrupled its third-quarter net profit to S$69.88 million - from S$15.31 million a year ago - thanks to its data centre division registering a S$55.81 million gain on disposal of a subsidiary.

For the three months ended Sept 30, revenue fell 8.7 per cent to S$46.5 million from S$50.91 million.

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