Keppel Infrastructure Trust reports higher Q1 earnings for unitholders

Singapore

KEPPEL Infrastructure Trust - the new name of CitySpring Infrastructure Trust after its acquisition in May of the business undertakings and assets of Crystal Trust - has posted higher earnings for unitholders in the combined entity's financial results for the first quarter ended June 30 (Q1 FY2016).

Crystal Trust was originally also known as Keppel Infrastructure Trust.

Lower fuel costs turned out to be a double-edged sword for the freshly renamed Keppel Infrastructure Trust as they helped boost its net profit for unitholders by 5.2 per cent to S$2.66 million even as revenue of the business trust slipped 14.2 per cent …