Keppel Infrastructure : Unaudited Results for the Third Quarter and Nine Months Ended 30 September 2014

The Directors of Keppel Infrastructure Fund Management Pte Ltd, as Trustee-Manager of Keppel Infrastructure Trust, advise the following results of Keppel Infrastructure Trust for the third quarter and nine months ended 30 September 2014.

These figures have not been audited.

NINE MONTHS FY2014 RESULTS HIGHLIGHTS

1. Group revenue for 9M 2014 was $49.3 million. Operation and maintenance income was $37.2 million, 2.2% lower compared to 9M 2013.
2. Profit after tax for 9M 2014 was $10.2 million, resulting in earnings per unit (EPU) of 1.61 cents for the period, which was 6.4% lower compared to 9M 2013.
3. Cash generated from operations was $40.9 million for 9M 2014, 11.3% higher compared to 9M 2013.
4. Net asset value per unit as at 30 September 2014 was tiny_mce_marker.93 compared to $1.00 as at 31 December 2013, mainly due to the distribution payment of 7.82 cents per unit during the year.
5. On 26 September 2014, KIT entered into an agreement with NEA to provide additional incineration capacity to the Senoko Waste-to-Energy plant. The upgrade is currently planned to take place between 3Q 2015 and 3Q 2016 and will progressively increase the contracted incineration of the plant by up to 10% from 2,100 tonnes per day. This is expected to increase the operating cash flows from the plant.

Attachment:

Download - KIT 3Q2014 Results

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