Ascendas India Trust DPU for Q4 up 7%

Singapore

ASCENDAS India Trust (a-iTrust) achieved a 7 per cent year-on-year rise in distribution per unit (DPU) to 1.30 Singapore cents for the fourth quarter ended March 31, 2015, on the back of stronger net property income and a favourable exchange rate.

Net property income (NPI) in Singapore dollar terms rose 9 per cent to S$20.6 million; in Indian rupee, NPI rose 3 per cent to 948 million rupees. During the quarter, the Singapore dollar depreciated by 6 per cent against the India rupee compared to a year ago.