Published:
Keppel Land's net profit slipped 17.2% to $72.6m in Q1
Due to zero revenue from The Lakefront Residences.
Keppel Land reported that its net profit declined 17.2% to $72.6m in the first quarter of the year due to the absence of revenue from The Lakefront Residences in Singapore.
The decline was also brought about by lower revenue from The Springdale in Shanghai, as well as the absence of contributions from Equity Plaza and MBFC Tower 3 following the divestment in 2014.
Property trading net profit declined 1.6% to $35m, while its net profit in property investment declined 20% to $23.5m.
Read Here
Advertise
Sign Up
