Keppel Telecommunications and Transportation says group revenue decreased 12% for the full-year ending Dec 31 (FY2009) to $113.3 million due mainly to lower logistics revenue in Singapore and the winding down of the Network Engineering business.

Nonetheless, revenue from logistics activities in China continued to show healthy improvements. The group also further expanded its Data Centre business.

Profit before tax and exceptional items was $65.3 million due to lower operating profit. However, share of contributions from associated companies improved 4% to $58.5 million.

Group profit after tax was 13% lower at $47.7 million due to impairment in value of investments and provision for restructuring costs.