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Keppel T&T posts 30% drop in full year earnings to $55.5m

Published on Jan 22, 2013 8:30 PM
Securus Fund is the first fund data centre in Singapore, co-managed by Keppel Telecommunications & Transportation Ltd (Keppel T&T), Keppel Data Centre Investment Management (KDCIM) and AEP Investment Management Pte Ltd (AEPim). -- PHOTO: KEPPEL T&T

KEPPEL Telecommunications & Transportation (Keppel T&T) today reported a 30.2 per cent drop in net profit to $55.5 million.

This was despite its revenue rising by 16.4 per cent to $137.5 million for the year ended Dec 31.

The fall in bottomline was largely due to a 92.8 per cent decrease in other income to $1.9 million, due to the absence of gain on disposals of investments, lower dilution gain in an associated company and sundry income.

In 2011, other income comprised largely a one-time gain on disposals of Wuhu Annto and non-core businesses.

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