K-Green: Co records 1Q11 rev of $18.2m, 3.7% lower than projection of $18.9m but net profit of $3.5m was 5.4% higher than projected $3.4m. Variation in rev was due to shift in schedule of flue gas upgrading works. Net assets decreased by $21.8m mainly due to distributions to unitholders in Dec of $27.1m...
K-Green has a semi-annual distribution policy and the nxt distribution will be for 1H Jun results. Projected DPU is approx 7.5%. Highlight that co’s main asset Senoko Incineration plant has a 15 yr concession from Sept 09, and cashflows may dip after that.
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