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Accordia Golf Trust's DPU falls to 1.48 cents in Q4

39313227 - 04_08_2016 - mrgolf08.jpg
Accordia Golf Trust's distribution per unit (DPU) fell to 1.48 Singapore cents in the fourth quarter, from 1.96 Singapore cents in the same period a year ago,

ACCORDIA Golf Trust's distribution per unit (DPU) fell to 1.48 Singapore cents in the fourth quarter, from 1.96 Singapore cents in the same period a year ago,

Operating income for the trust, which owns golf course assets in Japan, slipped 5.1 per cent to 9.91 billion yen (S$122.8 million) due to heavy snowfall in Nagoya and Osaka, which forced some golf courses to close for operation, and the absence of income refund seen during the year-ago period.

Net loss worsened to 2.79 billion yen, from a net loss of 744 million yen in the year-ago period, the group said in a Singapore Exchange filing on Thursday evening.

Accordia Golf Trust Management said the Japanese golf market continues to remain stable with the support of weekdays play demand from senior players.

sentifi.com

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