Subscribers

Corporate digest

Ascendas India Trust

HIGHER current income tax expenses and income hedging losses arising from the appreciation of the Indian rupee against the Singapore dollar eroded results for IT park owner Ascendas India Trust (AIT) in its first quarter.

Distribution per unit (DPU) dipped to 1.31 Singapore cents from 1.36 Singapore cents in the previous year. Q1 income available for distribution shrank 3.4 per cent to S$13.5 million.

For the three months ended June 30, gross revenue jumped 29.5 per cent to S$46.7...

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes