Corporate digest

Accordia Golf Trust

ACCORDIA Golf Trust's distribution per unit (DPU) fell to 1.48 Singapore cents in its fourth quarter, from 1.96 cents in the year-ago period. Operating income for the trust, which owns golf course assets in Japan, slipped 5 per cent to 9.91 billion yen (S$123 million) due to heavy snowfall in Nagoya and Osaka which forced some courses to close, and the absence of income refund in the year-ago period. Net loss widened to 2.79 billion yen, from 744 million yen a year ago.

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