Keppel : Telecommunications & Transportation Ltd Unaudited Results For The Third Quarter And Nine Months Ended 30 September 2017

The Directors of Keppel Telecommunications & Transportation Ltd advise the following results of the Company and of the Group for the third quarter and nine months ended 30 September 2017.

These figures have not been audited.

THIRD QUARTER & NINE MONTHS FY2017 RESULTS HIGHLIGHTS

Keppel T&T 3Q and 9M net profit lower
due mainly to absence of divestment gains

1. Revenue decreased by 8% to $133.3 million compared to 9M 2016.

2. Net profit attributable to shareholders for 3Q 2017 was $12.8m, decreasing by 82% compared to the same period last year. This was largely due to the absence of gain from a divestment made in 3Q 2016 and the contributions from subsidiaries disposed. During 3Q 2016, one-off gains amounting to $55.8 million were recognised on the disposal of a subsidiary and adjustment for sale proceeds of data centres disposed, partly offset by impairment loss on fixed assets. Excluding the one-off gains in 3Q 2016, net profit attributable to shareholders for 3Q 2017 would have decreased by 27% instead.

3. Correspondingly, net profit attributable to shareholders for 9M 2017 decreased by 66% to $34.6 million compared to 9M 2016.

4. Earnings per share for 9M 2017 were 6.2 cents.

5. Net asset value per ordinary share was $1.45 per share compared to $1.43 per share at December 2016.

6. Net gearing was 0.38x compared to 0.53x at December 2016.

Attachment:
Download - 3Q2017 Unaudited Results

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