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K-Green Trust profits see minor fall
Jul 17, 2012
by Cheryl TayK-Green Trust's profit for 1H 2012 slightly decreased by 0.53 percent from last year, said the company in a filing with Singapore Exchange Limited (SGX). Earnings per unit for the period under review stood at 1.25 Singapore cents, while distribution per unit to be paid remained at 3.13 Singapore cents. "K-Green Trust continues to perform well in this period and remains committed to deliver stable, predictable and reliable distributions to its uniholders," said Thomas Pang, Chief Executive Officer of Keppel Infrastructure Fund Management, the Trustee-Manager of K-Green. K-Green is expected to remain stable as all of its assets — Ulu Pandan Trust, Tuas DBOO Trust and Senoko Trust — have long-term concession agreements with the Public Utilities Board and National Environment Agency. Moreover, the income of Tuas DBOO Trust and Senoko Trust are mostly derived from capacity payments, a stable source of income unlikely to be affected by economic fluctuations.