Singapore Stock Market News
Croesus Retail Trust - Steadily delivering
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Publish date: Wed, 11 Nov 2015, 02:44 PM
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Strong results but slightly lower than expected
Revenue increased by 0.9% QoQ to JPY2.0b, with income available for distribution at a record high of JPY918.5m. 2.08c S cts DPU was declared for the quarter (1.7 S cts after adjusting for rights). Net profit was negative, however, mainly due to loss on derivative financial instruments. Although the results are strong, we were expecting a somewhat stronger revenue increase.
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