Keppel T&T's Q4 profit down in absence of asset divestment gain

Singapore

DATA-CENTRE and logistics provider Keppel Telecommunications & Transportation (Keppel T&T) on Tuesday reported a 77.6 per cent drop to S$44.51 million in fourth-quarter profit attributable to shareholders, from Q4 FY2014's S$198.39 million, which included a sizeable contribution from the divestment of assets.

The absence of the prior year's divestment gains, which resulted in Q4 "other income" dropping to S$27.68 million from S$235.94 million, also resulted in FY2015 profit attributable to shareholders falling 62.9 per cent to S$91.48 million.