Keppel Land posts 12.2% rise in Q2 net profit to $107.2 million
Published on Jul 23, 2014 6:39 PM
SINGAPORE - Keppel Land's net profit for the second quarter ended June 30 rose 12.2 per cent to $107.2 million, thanks to higher contributions from it's residential projects in China.
However, revenue fell 7.8 per cent to $304.6 million.
Keppel Land said revenue from its property trading business fell mainly because of lower contributions from its Shanghai projects, 8 Park Avenue and The Springdale.
Its overseas net profit represented 33.2 per cent of group earnings for the quarter, compared with 33.8 per cent in the same period last year.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here