Keppel Infrastructure Trust's distributable income falls to $106.1m in 9M2024
Its environmental services segment also saw a 16.4% decrease.
Keppel Infrastructure Trust’s distributable income fell to $106.1 m for the first nine months of 2024, down from $266.1m in the same period last year, which included a special distribution of $131.2m.
In its financial breakdown, the company’s energy transition segment saw earnings rise to $109.9m, a 2.7% increase from $107m in 2023.
However, its environmental services income fell to $48.2m, a decrease of 16.4% from $57.7m last year.
The distribution & storage segment also reported $29.9m, marking a decline of 34.6% from $45.6,m in 2023.
Overall, the asset subtotal decreased to $188m, a 10.6% drop from $210.3m the previous year.