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Keppel T&T 1Q earnings drop 13% to $11.6 mil on lower revenue

Jude Chan
Jude Chan4/18/2017 06:10 PM GMT+08  • 2 min read
Keppel T&T 1Q earnings drop 13% to $11.6 mil on lower revenue
SINGAPORE (April 18): Keppel Telecommunications & Transportation (Keppel T&T) posts earnings of $11.6 million in the first quarter ended March 31, falling 13.1% from earnings of $13.3 million reported a year ago.
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SINGAPORE (April 18): Keppel Telecommunications & Transportation (Keppel T&T) posts earnings of $11.6 million in the first quarter ended March 31, falling 13.1% from earnings of $13.3 million reported a year ago.

Revenue fell 15.6% to $40.7 million, from $48.3 million a year ago, due mainly to lower revenue from both its logistics and data centre divisions.

Revenue from Keppel T&T’s data centre business decreased largely due to the disposal of its 90% interest in Keppel DC Singapore 3 in January 2017 and the disposal of its 50% interest in Keppel DC REIT Management in July 2016. After the disposal, both companies were classified as associated companies of the group.

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