Keppel T&T’s profit surged 342.6% to $308.2m in FY14

Thanks to disposals and divestments.

Keppel Telecommunications and Transportation’s profit for the period surged 342.6% to $308m in FY2014, due largely to gains on disposal of the two data centre properties in Singapore and divestment of the associated companies.

Excluding these one-off gains, operating results for the fourth quarter would be comparable to the same period last year.

Associated companies and joint ventures increased by $79.7 million to $542.5 million due to acquisition of Keppel DC REIT and equity accounting for share of profits, partly offset by disposal of associated companies and dividends received.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!