Keppel T&T Q3 net profit down 82% at S$12.8m

Singapore

THE absence of divestment gains in Q3 2016 and contributions from subsidiaries disposed has led to an 82 per cent fall in net profit for its third quarter ended Sept 30 (Q3 2017), Keppel Telecommunications & Transportation (T&T) said on Tuesday.

The mainboard-listed logistics company said that during Q3 2016, one-off gains amounting to S$55.8 million were recognised on the disposal of a subsidiary and adjustment for sale proceeds of data centres disposed, which were partly…