Tuesday, Apr 28, 2015Tuesday, Apr 28, 2015

Keppel Land lifts earnings on robust home sales

Published on Jan 22, 2014 6:29 PM

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.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!