Divestments hit Keppel T&T's Q2 profit; revenue down 5.1%

Singapore

THE divestment of stakes in a couple of assets led to logistics and data centre company Keppel Telecommunications & Transportation (Keppel T&T) reporting a net profit of S$10.3 million for its second quarter ended June 30, 2017, 45 per cent less than the S$18.8 million a year ago.

Lower revenue, along with higher expenses, caused profit to drop.