Keppel T&T full-year net profit rose 14% to S$63.2m

Data centre division led FY2013 surge.

Keppel Telecommunications & Transportation (Keppel T&T) has announced its full year FY2013 results, with net profit attributable to shareholders increasing by 14% to $63.2 million.

Group revenue amounted to $161.7 million, climbing 18% compared to the previous year due mainly to higher revenue from Data Centre and Logistics Divisions.

Operating profit at $33.3 million improved by 32% due mainly to better performance from Data Centre Division and increase in other income.

But in the Logistics Division, the China logistics operations reported lower profits due to start-up and implementation costs of newly developed projects.

Profit before taxation of $83.0 million increased by 11% compared to $75.2 million in 2012. This improvement was due to higher operating profit and better performance from associated companies, partly offset by higher interest expense.

After taking into account taxation and non-controlling interests, the Group’s net profit attributable to shareholders increased by 14% to $63.2 million.