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Croesus Q4 beats forecast

Distributable income of 707.4m yen 2.1% better than projected

CROESUS Retail Trust (CRT) posted a distributable income of 707.4 million yen (S$8.51 million) for the fourth quarter, beating its forecast by 2.1 per cent even though its gross revenue was hit by Japan's higher consumption tax rate.

For the three months ended June 30, gross revenue was 1...

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