Accordia Golf Trust misses IPO forecast with lacklustre maiden results

The group raked in $58.9m from August to December.

Accordia Golf Trust’s maiden results missed its IPO forecasts due to weaker operating performance brought about by unusual weather conditions.

AGT’s operating profit stood at $58.9m (JPY 5.2b) for the reporting period from August to December, 3.6% lower than IPO forecasts of $61.2m (JPY5.4b).

The income available for distribution is $44.2m (JPY 3.9b), 1% higher than the forecast. The income available for DPU in Singapore dollar for the Period, however, was recorded at 3.91 Singapore cents, 9.6% lower than the initial forecast, mainly due to the weakening of the Japanese Yen

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!