Keppel Land has posted a 0.9% year‐on‐year increase in group net profit to $95.5mil for the 2Q13. Sales jump 153.6% to $330.5mil, due mainly to a better showing from the property trading segment. The group attributed the higher Q2 pretax profit also to Marina Bay Suites condo. KepLand also revealed that the commitment rate at MBFC Tower 3 has risen from about 79% at end‐2012 to about 90%. EPS stood at 12.4 centsin H1 2013 and NAV pershare rose to $4.06 at end‐June 2013. The group's net debt‐to‐equity ratio has risen to 0.4x at end‐June 2013. In 1H13, the group sold about 210 homes here and about 1,940 homes in China, exceeding the 1,650 units for the whole of last year.

Source: The Business Times / Bloomberg / Straits Times