Keppel Reports Lower Q3 Net Profit

MT Newswires10-24

Keppel (SGX:BN4) said third-quarter net profit "was lower" on a year-over-year basis.

The Singaporean infrastructure and asset management company did not provide actual net profit figures for the quarter and the first nine months of the year.

For the January-September period, net profit "was comparable" on a year-over-year basis, according to a filing with the Singapore Exchange on Thursday.

Meanwhile, recurring income grew 14% in the nine-month period. Asset management fees during the same period surged 68% year over year to SG$299 million.

The company expanded its data center capacity during the same period from 650 MW to 1.2 GW.

Shares of the company were up nearly 2% in recent trading.

Price (SGD): S$6.52, Change: S$+0.14, Percent Change: +2.19%

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