According to the trustee-manager, this was due to higher contributions from City Gas as a result of higher town gas tariff and higher volume of town gas sold; higher revenue from Basslink as no facility fees were recognised during the cable outage which occurred between 20 December 2015 and 12 June 2016; and higher revenue from KMC.
SINGAPORE (July 17): The trustee-manager of Keppel Infrastructure Trust (KIT) has declared a distribution per unit (DPU) of 0.93 cent for the second quarter ended June, bringing total DPU to 1.86 cents for 1H17.
Revenue for the quarter was $158.8 million. This brings total revenue for 1H17 to $314.1 million – 16.9% higher than the $268.6 million reported in 1H16.
