Croesus' Q4 DPU up as acquisitions drive growth in revenue

Singapore

RIDING on a 19 per cent year-on-year rise to 1.27 billion yen (S$15.9 million) in fiscal fourth-quarter income available for distribution, Croesus Retail Trust on Friday reported a distribution per unit (DPU) of 2.01 Singapore cents for the three months ended June 30, 2017, up from 1.70 cents a year ago. This raised the DPU payable for the second-half of FY2017 to 4.06 cents.

In its pre-market results announcement, the Japanese mall owner reported an 11.9 per cent rise to 2.99 billion yen in Q4 FY2017 gross revenue. The revenue expansion was due mainly to the …