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Causeway Point boosts Q2 revenue for Frasers Centrepoint Trust

Published on Apr 22, 2014 8:35 PM
 
Interior of Causeway Point in Woodlands. Higher revenue from the Causeway Point shopping mall in Woodlands lifted second-quarter earnings at Frasers Centrepoint Trust on Tuesday, April 22, 2014. -- FILE PHOTO: FRASERS

Higher revenue from the Causeway Point shopping mall in Woodlands lifted second-quarter earnings at Frasers Centrepoint Trust on Tuesday.

The trust posted a distribution per unit (DPU) of 2.88 cents for the three months to March 31, up 6.7 per cent from the preceding year.

Income available for distribution for the quarter rose 7 per cent from the year before to $23.8 million.

Net property income was up 2 per cent at $29.3 million and revenue increased 2.9 per cent to $41 million from the corresponding period last year.

 
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