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Keppel Land Q3 earnings surge 69.7% to $126.4m

Strong performance from most of its business segments cited for increase

While cost of sales increased 147.8 per cent year-on-year to $297.6 million, the strong sales numbers helped gross profits grow 159.6 per cent to $120.3 million in Q3 - PHOTO: KEPPEL LAND

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...