KepLand Q4 profit down; talk of deal with KepCorp

Singapore

KEPPEL Land on Wednesday reported a 21.6 per cent drop in net profit to S$444.52 million for its fourth quarter ended Dec 31, 2014. This resulted from a 33.5 per cent drop to S$220.2 million in fair value gain on its investment properties.

Wednesday also saw Keppel Land and its parent Keppel Corp both requesting a share trading halt pending an announcement, fuelling market speculation of a brewing deal between the two.