SINGAPORE (Aug 3): The trustee-manager of RHT Health Trust posts distribution per unit (DPU) of 1.22 cents for the 1QFY2018 ended June, a decline of 4.7% from DPU of 1.28 cents a year ago.
Total revenue grew 9% to $24.5 million in 1Q, from $22.5 million a year ago.
This was mainly due to a contractual annual 3% increase in base fees and higher variable fees due to the increased volume of higher end medical treatments performed during the quarter.
Net service fee and hospital income increased by 8.8% on the back of higher revenue.
RHT’s gearing was at 23% as at June 30, 2017.
As at end June, cash and cash equivalents stood at $4.9 million.
“We are very pleased with the results for the first quarter of FY2018. The results are reflective that the Indian healthcare market is adjusting to the demonetisation policy which was introduced by the Indian Government in November 2016,” says Gurpreet Dhillon, CEO of the trustee-manager.
“We look forward to the rest of FY2018 as it brings additional capacity into our portfolio, and we will continue to work to deliver such returns to unitholders,” he adds.
Units in RHT Health Trust closed flat at 89.5 cents on Thursday.
