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.
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