K-Green Trust's profits dipped 2% to $0.2m

Revenue remained stable at $50.8 m.

According to a release, excluding construction revenue arising from the flue gas treatment upgrade following its completion last year, K-Green Trust's revenue for 9M 2013 remained stable at $50.8 million compared to 9M 2012.

Profit after tax for 9M 2013 was $10.9 million, contributing to earnings per unit (EPU) of 1.72 cents for the period. Excluding the contribution from the construction of the flue gas treatment upgrade last year, profit after tax was $0.2 million or 2.0% lower compared to 9M 2012.

Net asset value per unit as at 30 September 2013 was $0.99 compared to $1.02 as at 30 June 2013, due to the distribution payment of 3.13 cents on 15 August 2013.

Cash generated from operations was $36.7 million for 9M 2013.