Keppel Land Q3 earnings surge 69.7% to $126.4m

AIDED by a strong performance from most of its business segments, Keppel Land reported a 69.7 per cent jump in third-quarter net profit to $126.4 million.

This compares with the $74.5 million recorded a year ago. Earnings per share were 8.2 cents, up from 4.9 cents the same period last year.

Revenue for three months ended Sept 30, 2013 jumped 151.1 per cent year-on-year to $417.9 million. This was mainly the result of higher contributions from its property trading segment, with higher revenue recognition of projects in China, Indonesia and Singapore, as well as new income streams from a project in Shanghai.