Keppel T&T Q4 earnings up more than five times on fair value gains

Singapore

FAIR value gains from the reclassification of an associated firm helped send earnings at Keppel Telecommunications & Transportation (Keppel T&T) up by more than five times during the fourth quarter.

The logistics and data centre firm on Wednesday posted a net profit of S$17.1 million for the three months ended Dec 31 - 456.4 per cent higher than the S$3.1 million from the same period a year earlier.