K-Green Trust Q3 2010 Quarterly Earnings Report

Q3 2010 results for K-Green Trust:

• Press Release and Financial Statement

Key Points

• The profit after tax achieved for the period from date of listing on 29 June to 30 September 2010 was $4.6 million, 26.5% higher than forecast.
• Profit after tax for the third quarter was $4.4 million.
• EPS for the period from date of listing to 30 September 2010 was 0.73 cents.
• Free cash flow for the third quarter was $19.2 million.
• Net asset value per unit as at 30 September 2010 was $1.15.
• As at 30 September 2010, the Group does not have any borrowing.

Author's Note
This is the first quarterly earnings report by the trust since its listing on 29 Jun 2010. There is no dividend recommended for the current financial period reported on. As indicated in the IPO Prospectus, the first distribution after listing date will be for the period from the listing date up to and including 31 December 2010. Subsequent distributions will take place on a semi-annual basis. So we shall expect the first distribution to be around Jan-Feb 2011 period.