Keppel Infrastructure FY14 earnings down 10.4%

Singapore

EARNINGS of Keppel Infrastructure Trust (KIT) for the full financial year ended Dec 31, 2014, were lower from a year ago due to lower production of NEWater, lower power tariff from plunging oil prices and higher trust expenses.

Net profit was 10.4 per cent lower at S$12.7 million from a year ago. This resulted in earnings per unit (EPU) of 2.02 Singapore cents for the year, against 2.25 for financial year 2013.