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RHT Health Trust declares 3Q DPU of 1.25 cents, 31% lower on quarter

Gwyneth Yeo
Gwyneth Yeo2/7/2017 07:48 AM GMT+08  • 2 min read
RHT Health Trust declares 3Q DPU of 1.25 cents, 31% lower on quarter
SINGAPORE (Feb 7): RHT Health Trust has declared a distribution per unit of 1.25 cents for 3QFY17, a 30.9% decrease from the 1.81 cents declared in 2QFY17.
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SINGAPORE (Feb 7): RHT Health Trust has declared a distribution per unit of 1.25 cents for 3QFY17, a 30.9% decrease from the 1.81 cents declared in 2QFY17.

The lower distribution was due to the disposal of its 51% stake in Fortis Hospotel and the unfavourable foreign exchange rates at the time it entered into certain forward contracts. It had also paid a special dividend of 24.8 cents in October from the net proceeds of the disposal.

Group revenue for the quarter to December was 1.2% lower quarter -on-quarter (q-o-q) owing to the slowdown in its hospital business following the introduction of the demonetisation policy in India in November 2016.

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