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Keppel T&T 3Q earnings down 12.3% to $11.8 mil on higher operating expenses, lower other income

Samantha Chiew
Samantha Chiew10/17/2018 06:19 PM GMT+08  • 2 min read
Keppel T&T 3Q earnings down 12.3% to $11.8 mil on higher operating expenses, lower other income
SINGAPORE (Oct 17): Keppel Telecommunications & Transportation (Keppel T&T) announced that its 3Q18 earnings have dropped by 12.3% to $11.8 million, compared to $13.5 million in 3Q17.
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SINGAPORE (Oct 17): Keppel Telecommunications & Transportation (Keppel T&T) announced that its 3Q18 earnings have dropped by 12.3% to $11.8 million, compared to $13.5 million in 3Q17.

In 9M18, earnings saw a 32.4% increase to $47.2 million from $35.7 million in 9M17.

Revenue for the quarter was 6.6% higher at $47.9 million from $45.0 million in the previous year, due mainly to higher data centre facility management income and logistics warehousing and channel management business revenue, partly offset by lower revenue generated from China port operations as a result of decline in container throughput.

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