Keppel Infrastructure Trust's net profit up 23% $4.3m in Q1
Due to lower electricity and trust expenses.
Keppel Infrastructure Trust reported that its net profit increased 23% year-on-year to $4.3m in the first quarter on back of lower electricity and trust expenses.
However, the trust generated lower cash from its operation due to the transaction costs paid in relation to the proposed transaction with CitySpring Infrastructure Trust and the acquisition of a 51% stake in Keppel Merlimau Cogen Pte Ltd.