Keppel Infrastructure Trust declares flat Q2 DPU of 0.93 cent

KEPPEL Infrastructure Trust (KIT) on Monday reported a flat distribution per unit (DPU) of 0.93 Singapore cent for the second quarter of 2019 despite marked improvements year on year in its distributable cash flow (DCF), revenue and net profits.

The trust with businesses in the three sectors of energy, distribution & network, and waste & water reported a 26.3 per cent year-on-year increase in DCF from S$36.2 million to S$45.8 million for the three months ended June 30.

This came mainly from contributions by Ixom HoldCo, which was acquired in February.