Keppel Infrastructure : Unaudited Results For The First Quarter Ended 31 March 2016

These figures have not been audited.

1Q2016 RESULTS HIGHLIGHTS

1. Distribution per unit (DPU) of 0.93 Singapore cents was declared for the quarter ended 31 March 2016.
2. Group revenue for 1Q FY16 was S$131.2 million, 14.7% higher than 1Q FY15, with full quarter contributions from the Crystal and KMC acquisitions, partially offset by lower revenue from City Gas as town gas tariff decreased with lower fuel prices, and Basslink not receiving the facility fee as a result of the cable fault since 20 December 2015.
3. Profit attributable to Unitholders of the Trust in 1Q FY16 was lower than the previous financial period primarily as a result of Basslink not receiving facility fees due to the cable fault.
4. 1Q FY16 distributable cash flows of S$40.7 million was S$24.7 million higher than 1Q FY15 due mainly to contributions from the Crystal and KMC acquisitions.
5. Net asset value per unit as at 31 March 2016 decreased to 33.7 Singapore cents from 35.3 Singapore cents as at 31 December 2015 primarily attributable to the mark-to-market loss of derivative instruments and distributions paid to unitholders.
6. Gearing as at 31 March 2016 was 36% compared to 34% as at 31 December 2015 as the Trust drew down from its loan facility to repay its subsidiary and to fund the boilers upgrade for Senoko WTE plant.
   

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KIT - Keppel Infrastructure Trust issued this content on 13 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 April 2016 10:29:17 UTC

Original Document: http://www.kepinfratrust.com/news_item.aspx?sid=6362