Its energy transition, environmental services, as well as distribution and storage segments post revenue growth
[SINGAPORE] Keppel Infrastructure Trust swung back into the black with a net profit of around S$60 million for its first half ended Jun 30, compared with a net loss of S$23.9 million in the prior corresponding period, the manager said on Tuesday (Jul 29).
Revenue rose 11.5 per cent to S$1.1 billion from S$1 billion in the year-ago period.
The increase was mainly attributable to contributions from transport service provider Ventura, which was acquired in June 2024, alongside higher revenue from City Energy and Senoko, the manager said. However, it was partially offset by lower landfill revenue and waste volume from One Eco Group and lower distribution income from Aramco Gas Pipelines Company.
Its three segments of energy transition, environmental services, as well as distribution and storage, posted revenue growth on the year.
Distributable income stood at S$119.4 million, up 31.2 per cent from S$91 million in H1 2024.
Distribution per unit rose 1 per cent year on year to S$0.0197 from S$0.0195 previously.
Units of Keppel Infrastructure Trust were trading 2.3 per cent or S$0.01 lower at S$0.435 as at 9.30 am on Tuesday.
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