Corporate digest

Keppel T&T

KEPPEL Telecommunications & Transportation posted a 10.6 per cent fall in net profit for the fiscal fourth quarter from a year ago. This was due mainly to impairment loss on an associated company, fair value loss on a data centre and higher operating expenses, though partly offset by higher share of profits and fair value gains on investment properties from associated companies.

Net profit for the three months ended Dec 31, 2018 stood at S$18.2 million, compared with a net profit of S$20.4 million posted in the same period a year ago.