Revenue saw a 98.7% surge to $318.5 million, from $160.3 million a year ago, largely driven by the consolidation of Ixom, which contributed revenue of $152.4 million. But total expenses more than doubled to $333.4 million from $154.6 million, outpacing the revenue increase.
SINGAPORE (Apr 17): DBS Group Research is keeping its “buy” call on Keppel Infrastructure Trust (KIT) with a target price of 58 cents, following its results announcement on Monday.
KIT declared an unchanged DPU of 0.93 cent for 1Q19 ended March, as well as a loss of $16.2 million compared to earnings of $7.5 million in 1Q18.
