Keppel T&T's Q2 net earnings rise 15% to $16.4 million

Keppel Telecommunications & Transportation ( Keppel T&T) has posted a 15 per cent year-on-year jump in second-quarter net profit to $16.4 million.

Turnover for the three months to June 30 climbed 14.6 per cent to $39.6 million.

Keppel T&T said in a statement that this was mainly due to higher revenue from its data centre and logistics divisions.

For the first half of the year, earnings rose 9.5 per cent to $31.4 million and revenue grew 12.4 per cent to $76.6 million.

Earnings per share stood at three cents for the second quarter, up from 2.6 cents in the corresponding period a year ago.

Net asset value per share was 80 cents as at June 30, up slightly from 77 cents as at Dec 31.

Keppel T&T share price gained 2.5 cents to close at $1.47 on Wednesday.