Group revenue for the quarter to December was 1.2% lower quarter -on-quarter (q-o-q) owing to the slowdown in its hospital business following the introduction of the demonetisation policy in India in November 2016.
SINGAPORE (Feb 7): RHT Health Trust has declared a distribution per unit of 1.25 cents for 3QFY17, a 30.9% decrease from the 1.81 cents declared in 2QFY17.
The lower distribution was due to the disposal of its 51% stake in Fortis Hospotel and the unfavourable foreign exchange rates at the time it entered into certain forward contracts. It had also paid a special dividend of 24.8 cents in October from the net proceeds of the disposal.
