Keppel T&T's Q1 earnings up despite lower revenue

Singapore

DATA centre and logistics operator, Keppel Telecommunications & Transportation (Keppel T&T), on Tuesday reported a 2.3 per cent increase in net profit to S$15.8 million for the first quarter ended March 31. The increase came despite a 1.6 per cent decline in revenue to S$47.9 million from last year's first quarter turnover of S$48.7 million.

The company's earnings per share (EPS) remained unchanged at 2.8 Singapore cents while NAV (net asset value) per ordinary share increased by 3 per cent to S$1.31 per share.