Keppel Land says it achieved a profit after tax and minority interests (PATMI) of $280.4 million in 2009, up 23.1% from $227.7 million in 2008, as property markets around Asia rebounded on improving economic prospects.
Excluding a net fair value gain of $19.1 million on investment properties (after tax and minority interests) and a $11.1 million gain on additional interest in K-REIT Asia, PATMI grew 17.3% to $250.2 million, compared with $213.3 million in the previous year.
