Bumper payout as spin-off buoys Keppel T&T's Q4 bottom line
One-off gains lift quarter's net profit to S$198.4m from S$17.7m; final, special dividends total S$0.15 per share
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Singapore
FOLLOWING a spin-off of assets into Keppel DC Reit, Keppel Telecommunications & Transportation (Keppel T&T) posted a bumper fourth-quarter bottom line and recommended a special dividend on Tuesday.
The firm's net profit for the quarter ended Dec 31, 2014 surged from S$17.7 million S$198.4 million on the back of gains from the disposal of its data centre properties and associated companies. The assets were injected into Keppel DC Reit which went public late last year. The disposal boosted Keppel T&T's other income from S$3.7 million in Q4 2013 to S$235.9 million in Q4 2014.
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