Keppel Land's profit attributable to shareholders of the company for the third quarter ended Sept 30 surged 69.7 per cent over the previous year to S$126.4 million, on stronger contributions from its property trading, property investments and fund management segments.

This works out to an earnings per share of 8.2 Singapore cents, versus the 4.9 Singapore cents for the same period last year. Revenue at Keppel Land grew 151.1 per cent year-on-year in Q3 to S$417.9 million. The company attributed this to stronger contributions from its property trading segment, with more project completions in China and progressive recognition of revenue from its Singapore projects, as well as higher contributions from its property investment and fund management segments.

Even though cost of sales increased 147.8 per cent over the year to $297.6 million, the strong sales helped gross profits grow 159.6 per cent to S$120.3 million in Q3.

The bottom line growth was taken down a notch by the likes of higher administrative and other expenses and lower other income, although a higher investment income and the absence of an " other loss" from the previous year helped.