Keppel Land lifts earnings on robust home sales
Stronger contributions from its residential projects helped lift Keppel Land's results for the fourth quarter.
The local developer said on Wednesday that it registered a net profit of $567.3 million for the three months to Dec 31, up 7.6 per cent from $527.3 million in the same period a year ago.
Revenue came in at $505.7 million, up 7.2 per cent from $471.9 million a year ago.
Keppel Land said that robust sales driven by pent-up buying demand helped shore up sales in China.