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CRCT posts Q1 DPU of 2.74 S cents, up 1.1%; net property income rises 9.8%

Gross revenue increases by S$4.5 million or 8.2%

Published Fri, Apr 21, 2017 · 09:50 PM

Singapore

CAPITALAND Retail China Trust (CRCT) announced on Friday that its distribution per unit (DPU) for its first quarter ended March 31 was 2.74 Singapore cents, up 1.1 per cent from a year ago.

Net property income was up 9.8 per cent to S$40.3 million, while income available for distribution increased 5 per cent to S$24.4 million.

Gross revenue went up by 13.4 per cent to 290.87 million yuan, mainly due to the new contribution from CapitaMall Xinnan which was acquired on Sept 30, 2016. In Singapore dollar terms, gro…

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Companies & Markets

Companies & Markets

CRCT posts Q1 DPU of 2.74 S cents, up 1.1%; net property income rises 9.8%

Companies & Markets

American Express beats profit estimates on strong spending by wealthy customers

Sheng Siong shareholders press for details on capital allocation, M&A opportunities

Wilmar appoints former minister George Yeo as independent non-executive director

UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration

Deutsche Bank has cut dozens in Asia private banking overhaul

Middle East violence heightens market fears of rate hikes, inflation

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