Keppel T&T Q3 net profit down 82% at S$12.8m
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
KEPPEL Telecommunications & Transportation (Keppel T&T) on Tuesday posted an 82 per cent fall in net profit to S$12.8 million for its three months ended Sept 30.
The mainboard-listed logistics and data centre company attributed the fall mainly to the absence of gain from a divestment made in Q3 2016 and the contributions from subsidiaries disposed.
Keppel T&T said that in 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 offset by an impairment loss on fixed assets.
Excluding the one-off gains in Q3 2016, net profit for the quarter would have decreased by 27 per cent instead, said the company.
Revenue slipped 3.3 per cent to nearly S$45 million from S$46.5 million a year ago.
Earnings per share fell to 2.3 Singapore cents, down from 12.5 cents in the previous year.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
No dividends have been declared for the period.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
