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Keppel Infrastructure Trust reports flat 4Q DPU of 0.93 cent

Michelle Zhu
Michelle Zhu1/22/2018 06:29 PM GMT+08  • 3 min read
Keppel Infrastructure Trust reports flat 4Q DPU of 0.93 cent
SINGAPORE (Jan 22): The trustee-manager of Keppel Infrastructure Trust (KIT) has declared a distribution per unit (DPU) of 0.93 cent for the 4Q ended Dec 2017, unchanged from a year ago and bringing total DPU for FY17 to 3.72 cents.
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SINGAPORE (Jan 22): The trustee-manager of Keppel Infrastructure Trust (KIT) has declared a distribution per unit (DPU) of 0.93 cent for the 4Q ended Dec 2017, unchanged from a year ago and bringing total DPU for FY17 to 3.72 cents.

Group revenue for the quarter grew 3.9% to $158.1 million from $152.2 million in 4Q16, mainly due to higher revenue from City Gas and Basslink, offset in part by lower revenue contributions from, the concessions, CityNet and Keppel Merlimau Cogen (KMC).

The concessions, comprising Senoko WTE, Tuas WTE, SingSpring Desalination and Ulu Pandan NEWater plants, saw quarterly revenue fall to $23.8 million compared to $24.7 million a year ago due to the absence of construction revenue recognised from the Senoko boiler upgrade, which completed in 3Q16.

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