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CRCT's Q2 DPU rises 5.4% (Amended)

Gross revenue in Sing dollar terms grows 6.4% and net property income rises 5.3%, on the back of a strong renminbi against S$

Published Wed, Jul 29, 2015 · 09:50 PM

Singapore

CAPITALAND Retail China Trust (CRCT) posted a 5.4 per cent rise in distribution per unit (DPU) for the second quarter ended June 30, 2015, to 2.73 Singapore cents.

Gross revenue in Singapore dollar terms grew 6.4 per cent to S$54.26 million and net property income grew 5.3 per cent to S$36.04 million on the back of a strong renminbi against the Singapore dollar. But in renminbi terms, gross revenue dipped 0.1 per cent to 249.6 million yuan while net property income slipped 1.1 per cent to 165.8 million yuan.

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