Keppel T&T's Q1 profit up 2.9%

KEPPEL Telecommunications and Transportation (Keppel T&T) posted a 2.9 per cent year-on-year increase in net profit to $15.4 million for the first quarter ended March 31, 2014.

Revenue grew 21.6 per cent to $48.7 million, boosted by an improved performance from both its logistics and data centre segments.

On the logistics front, revenue was up 20.4 per cent at $34.6 million, driven by the higher warehousing, distribution and port operations income from the new subsidiaries that Keppel T&T acquired.