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Wednesday, April 20, 2011

Kepland Q1 2011 Quarterly Earnings Report

Kepland Q1 2011 Quarterly Earnings Report:
Key Points
  • Net profit grew 45.5% to $92.1 million on higher profit from property trading and K-REIT Asia as well as a gain from divestment of Keppel Digihub.
  • Property trading achieved higher net profit of $51.6 million contributed by sales from Singapore residential projects and Elita Promenade in Bangalore.
  • Keppel Land acquired a residential site in Sengkang while Alpha jointly acquired Capital Square and K-REIT Asia increased its stake in Prudential Tower from 73% to 93%.
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