Keppel T&T's 3Q earnings more than quadruple to $69.9 mil; announces $4.6 mil logistics acquisition

SINGAPORE (Oct 19): Keppel Telecommunications & Transportation has posted earnings of $69.9 million for 3Q16, an increase of 356.5% compared to earnings of $15.3 million in the same period last year.

Keppel T&T says in a SGX filing on Wednesday that this was mainly due to higher contribution from its data centre division which saw a one-time gain on disposal of 50% interest in a subsidiary in July, as well as fair value gain on the 50% retained interest.

In addition, Keppel T&T saw upwards adjustment to gains from the two data centres disposed in December 2014.

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