Keppel Infrastructure Trust’s profit slipped 10.4% in FY14

It raked in $12.7m for the year.

Keppel Infrastructure Trust today reported that its full-year profit for 2014 slipped 10.4% to $12.7m, from $14.2m the previous year.

Keppel Infra’s revenue fell by a marginal 2.5% to $65.45m. Its earnings per unit slipped 10.2% to of 2.02
cents for the year.

Total assets of the Group decreased by $31.5 million to $611m by the end of 2014. Total liabilities increased by $5m to $19.9m as compared to the previous year-end due to higher O&M fees payable to O&M operators, higher professional fees and $3.5 million loan payable. The loan was drawn down to fund the capacity expansion project at the Senoko waste-to-energy plant.

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