Keppel T&T's Q1 profit down 13.1%, revenue slips 15.6%

Singapore

LOWER revenue from both Logistics and Data Centre divisions of Keppel Telecommunications & Transportation (Keppel T&T) resulted in a 13.1 per cent drop in the group's first-quarter net profit to S$11.57 million, from S$13.31 million in the year-ago period.

This came on the back of a 15.6 per cent drop in revenue to S$40.72 million for the quarter ended March 31, 2017, from S$48.27 million one year ago.

Earnings per share during the period were down 12.5 per cent to 2.1 Singapore cents, from 2.4 Singapore cents one year …