Keppel Infrastructure Trust Sees Major Variances in Audited Financials, Potentially Impacting Unit Prices
Keppel Infrastructure Trust (KIT), a prominent business trust in Singapore, has reported substantial variances between its unaudited and audited financial statements for the fiscal year 2024 (FY2024). These variances, if not properly understood by investors, could significantly impact the trust’s unit prices.
Key Highlights:
- Profit before tax increased by S\$34.7 million, from S\$50.1 million in the unaudited statements to S\$84.8 million in the audited financials.
- Profit attributable to unitholders of the trust increased by S\$33.2 million, from S\$28.3 million to S\$61.5 million.
- The trust’s net assets increased by S\$29.7 million, from S\$1.98 billion to S\$2.01 billion.
- Significant variances were observed in various line items, including other income, depreciation and amortization, Trustee-Manager’s fees, and share of results of joint ventures.
These variances could be considered price-sensitive information, as they may significantly impact the trust’s financial performance and, consequently, the value of its units. Investors should carefully review the audited financial statements and understand the reasons behind the variances to make informed investment decisions.
Potential Implications:
The variances between the unaudited and audited financial statements could lead to changes in investor perceptions and, ultimately, the trading price of KIT units. Investors should closely monitor the trust’s financial performance and any further developments that may arise from the reported variances.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and due diligence before making any investment decisions. Past performance is not necessarily indicative of future results, and the value of investments may fluctuate. Keppel Infrastructure Trust and its affiliates do not guarantee the accuracy or completeness of the information provided in this article.
