Financial News - 20 APR 2010: Quarterly Earnings Report for Keppel Land

First quarter 2010 results for Keppel Land:

• Full Report

Key Points

• First quarter net profit surged 75.3 per cent on-year to S$64.7 million. 
• Revenue rose 9 per cent to S$158.8 million for the three months ended March 31. 
• Net profit from its property trading arm grew 53.6 per cent to S$48.7 million. 
• Net profit from property investment by 29.2 per cent to S$12.4 million from a year ago. 
• Fund management profit up 60.9% on higher fee income from K-Reit Asia and Alpha Investment Partners.

Author's Note
The EPS for the latest quarter is 4.5 cents. Latest NTA is $2.43.