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Keppel T&T posts 10.6% drop in 4Q earnings to $18.2 mil

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Keppel T&T posts 10.6% drop in 4Q earnings to $18.2 mil
SINGAPORE (Jan 23): Keppel Telecommunications & Transportation (Keppel T&T) saw its earnings fall 10.6% to $18.2 million for the 4Q18 ended December, from $20.4 million a year ago.
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SINGAPORE (Jan 23): Keppel Telecommunications & Transportation (Keppel T&T) saw its earnings fall 10.6% to $18.2 million for the 4Q18 ended December, from $20.4 million a year ago.

The decline was mainly attributed to impairment loss on an associated company, fair value loss on a data centre and higher operating expenses.

This brings the group’s full year earnings for FY18 to $65.5 million, some 16.8% higher than earnings of $56.1 million a year ago.

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