Hyflux Water Trust has announced a 36% year-on-year increase in distributable cash to $7.8 million for 2H09.

DPU for 2H09 is 2.86 cents for all units except for those held by Hyflux and the manager.

Total DPU for 2009, including 1H09 DPU of 2.56 cents, is 5.42 cents and is 9.3% higher than the DPU of 4.96 cents for 2008.

Operating and Maintenance and Finance income increased 77% year-on-year from $13.9 million in 2008 to $24.6 million in 2009.

This was due to the commencement of operations of newly completed plants, tariff increases and the acquisition of five additional plants (ROFOAR plants) in December 2008 and June 2009.

For FY2009, Hyflux Water Trust will distribute 100% of its distributable cash.

For 2H09, unitholders (excluding Hyflux and the manager) will receive 2.86 cents for each Hyflux Water Trust unit held as at books closure date of Mar 5. The payment date of the distribution is on Mar 29.