K-Green maintains 2013 DPU at 7.82 cents
Payout puts yield at 7.5%; full-year profit dips 4% to $14.2m
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K-GREEN Trust (KGT) has maintained its second-half distribution per unit at 4.69 cents, bringing its full-year (FY2013) DPU to 7.82 cents, unchanged from FY2012.
This translates to a distribution yield of 7.5 per cent based on the market closing price of $1.045 on Dec 31, 2013.
The business trust yesterday posted a 4 per cent drop in net profit to $14.2 million for the full year ended Dec 31 as revenue dropped 12 per cent to $67.1 million. Earnings per unit were 2.25 cents against FY2012's 2.35 cents.
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