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Keppel T&T 2Q earnings nearly halved to $10.3 mil

Michelle Zhu
Michelle Zhu7/19/2017 06:25 PM GMT+08  • 3 min read
Keppel T&T 2Q earnings nearly halved to $10.3 mil
SINGAPORE (July 19): Keppel Telecommunications & Transportation (Keppel T&T) has reported earnings of $10.3 million for the quarter ended June, down by 45.3% from $18.8 million a year ago.
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SINGAPORE (July 19): Keppel Telecommunications & Transportation (Keppel T&T) has reported earnings of $10.3 million for the quarter ended June, down by 45.3% from $18.8 million a year ago.

This brings earnings for the first half of FY2017 to $21.9 million, a 32% decline from $32.1 million in 1H16.

Revenue for 2Q fell 5.1% to $47.6 million from $50.2 million previously, mainly due to weaker revenue from logistics division, as well as the disposal of Keppel T&T’s 90% interest in Keppel DC Singapore 3 in Jan 2017 and 50% interest in Keppel DC REIT Management in Jul 2016.

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