KIT's Q2 DPU same as last year despite 4.9% drop in profit

Singapore

KEPPEL Infrastructure Trust (KIT) on Monday reported a distribution per unit (DPU) of 0.93 Singapore cent for the second quarter, unchanged from the year-ago period.

This is in spite of a 4.9 per cent drop in profit attributable to unitholders as the business trust is allowed to pay distributions out of retained cash and residual cash flows, unlike companies which can make dividend payments only out of accounting profits.