Tuesday, 20 April 2010

Keppel Land's Q1 profit climbs 75% to $64.7m

By UMA SHANKARI


Keppel Land reported on Tuesday a 75 per cent climb in Q1 2010 net profit to $64.7 million, from $36.9 million a year ago.

The developer's earnings rose as it booked revenues from its Singapore residential projects and wrote back some cost provisions.

The group's revenue for Q1 2010 was $158.8 million, compared with $145.7 million for Q1 2009.

Earnings per share for the quarter rose 25 per cent to 4.5 cents from 3.6 cents a year ago.

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