Keppel T&T Q3 profit falls 17.1% to S$15.31m

Singapore

DATA centre and logistics provider Keppel Telecommunications & Transportation (Keppel T&T) on Tuesday reported a 17.1 per cent drop in third-quarter net profit to S$15.31 million, from S$18.47 million one year ago.

Revenue for the three months ended Sept 30 went down 5.1 per cent year-on-year to S$50.91 million while operating expenses fell 4.7 per cent to S$45.21 million. This, coupled with a 66.3 per cent decrease in other income to S$1.74 million, resulted in operating profit falling 34.5 per cent to S$7.44 million.