THE absence of an $8.1 million one-off construction revenue dragged the bottomline of K-Green Trust (KGT).
Net profit for the 12 months to Dec 31 fell 4 per cent to $14.2 million on the back of a 12 per cent decline in revenue to $67.1 million.
The profit translated to a distribution per unit of 7.82 cents, similar to that of 2012.
Its annualised distribution yield is 7.5 per cent, based on its closing price of $1.045 on Dec 31 last year, reported the company yesterday.
The mainboard-listed KGT, which is run by Keppel Infrastructure Fund Management, invests mainly in "green" assets like waste management, water treatment and renewable energy.
KGT owns the Senoko waste-to-energy plant, the Keppel Seghers Tuas waste-to- energy plant and the Ulu Pandan NEWater plant.
Earnings per unit fell 0.1 cent to 2.25 cents, while net asset value per unit fell five cents to $1 from a year ago.
It had paid out 3.13 cents per unit for the first half of last year, and will pay the remaining 4.69 cents per unit on Feb 21.
The counter closed flat at $1.05.