Hyflux's DPU up 28% to 1.16 Singapore cents in Q3
By Mok Fei Fei, Channel NewsAsia | Posted: 11 November 2009 1851 hrs

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SINGAPORE: Hyflux Water Trust (HWT) said that its cash available for distribution rose 28 per cent on-year in the third quarter to S$3.5 million.

This translates to a distribution per unit (DPU) of 1.16 Singapore cents, which according to HWT, is in line with its target DPU of 2.86 cents for the second half of the year.

HWT said the increase in cash available for distribution was mainly due to an increase in operating, as well as maintenance and finance income. Such income rose by 72 per cent to S$6.7 million.

For the period ended in September, HWT witnessed a net loss of S$147,000, which overturns the S$3.2 million profit it earned over the same period last year.

HWT said the unrealised foreign exchange losses from the revaluation of inter-company balances contributed to the net loss.

It also said that the unrealized foreign exchange losses have no impact on its distributable cash of S$3.5 million for the third quarter.

- CNA/sc