Keppel Infrastructure Trust Announces Record FY 2023

Keppel Infrastructure Trust (SG:A7RU) has released an update.

Keppel Infrastructure Trust (KIT) reported a record performance in FY 2023, driven by its investment in essential service businesses like Ixom, City Energy, and Philippine Coastal, which delivered strong EBITDA growth. Despite market challenges such as inflation and rising interest rates, KIT’s prudent investment strategy and low gearing levels have allowed it to maintain stable and predictable cash flows. The potential acquisition of Ventura is expected to further increase KIT’s distributable income and provide additional growth prospects.

For further insights into SG:A7RU stock, check out TipRanks’ Stock Analysis page.