CapitaRetail China Trust's Q4 income up 21% to $15.7m

CapitaRetail China Trust's fourth quarter income available for distribution rose 21 per cent up to $15.7 million, lifted by the contributions from its CapitaMall Minzhongleyuan property and higher revenue from its other mall assets.

Gross revenue for the final quarter ended Dec 31 rose 20.8 per cent to $36.4 million.

For the full year, the trust posted a distributable income of $57.2 million, up 9.6 per cent from the previous year with gross revenue increasing 10.8 per cent to $131.9 million.

Distribution per unit for the fourth quarter period increased 10.1 per cent to 2.28 cents. A distribution of 4.42 cents has been declared for the period, to be paid out on Mar 28.