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Accordia Golf Trust declares 17.3% higher 1Q DPU of 1.63 yen

Michelle Zhu
Michelle Zhu8/14/2017 07:56 PM GMT+08  • 2 min read
Accordia Golf Trust declares 17.3% higher 1Q DPU of 1.63 yen
SINGAPORE (Aug 14): The trustee-manager of Accordia Golf Trust (AGT) has declared a distribution per unit (DPU) of 1.63 yen (2 cents) for 1QFY17/18, about 17.3% higher than the DPU of 1.82 yen declared in 1QFY16/17 a year ago.
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SINGAPORE (Aug 14): The trustee-manager of Accordia Golf Trust (AGT) has declared a distribution per unit (DPU) of 1.63 yen (2 cents) for 1QFY17/18, about 17.3% higher than the DPU of 1.82 yen declared in 1QFY16/17 a year ago.

Total distributable income for the quarter grew 17.6% to 1.8 billion yen in 1QFY17/18 from 1.5 billion yen in 1QFY16/17, in line with higher operating profit.

Operating income grew 1.1% y-o-y to 14.6 billion yen over the quarter, mainly due to decrease in depreciation expenses as a result of impairment loss recorded in prior year.

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