Keppel Land's Q2 net earnings inch up 0.9% to $95.5 million

Keppel Land's net profit inched up 0.9 per cent to $95.5 million for the second quarter from the preceding year, the company said on Wednesday, July 17, 2013. -- FILE PHOTO: KEPPEL LAND
Keppel Land's net profit inched up 0.9 per cent to $95.5 million for the second quarter from the preceding year, the company said on Wednesday, July 17, 2013. -- FILE PHOTO: KEPPEL LAND

Keppel Land's net profit inched up 0.9 per cent to $95.5 million for the second quarter from the preceding year, the company said on Wednesday.

Revenue for the three months to June 30 shot up 153.6 per cent to $330.5 million year-on-year.

Keppel Land chief executive Ang Wee Gee said it would launch six new projects in Singapore and China in the second half of this year.

For the first half, net profit fell 18.8 per cent to $192.1 million though revenue climbed 78.8 per cent to $537.4 million.

Earnings per share dropped slightly to 6.2 cents for the second quarter, from 6.3 cents in the corresponding period a year ago.

Net asset value per share was $4.06 as at June 30, up from $3.99 as at Dec 31.