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scaling heightsFinancial discipline and execution capabilities toincrease shareholder valueSuccessful execution of its initiatives enabled Keppel Landto achieve a 28.6% increase in profit after tax and minorityinterests to $200.3 million and a return on equity of 12.8%,one of the highest among property companies in Singapore,in 2006. These reflect astute financial management andexecution skills by Keppel Land to deliver valueto shareholders.Several initiatives are in place to further realise the valueof Keppel Land’s prime commercial property portfolio inSingapore. Keppel Land has raised its stake in Equity Plazato 64.6% for eventual realisation of value and will redevelopOcean Building to capitalise on its excellent locationoverlooking the new downtown.Equity Plaza14The Keppel Land investment propositionscaling heightsKeppel Land LimitedReport to Shareholders 2006