First quarter result is out!
Operating income: Improved 1.4% YoY
➢ Attributed to an increase in the number of players
• Operating profit: Grew 12.2% YoY
➢ Due to the effect of newly adopted accounting standard,
IFRS 16 Leases (details on page 14)
➢ Without the effect of IFRS 16, operating profit would have
been JPY3,160 million (+2.4% YoY)
• Distributable income: Surged 35.2% YoY
➢ Largely due to
the refinancing costs reserved (1Q FY19/20: Nil, 1Q FY18/19: JPY4521 million)
DPU per unit is 2.57 cents. Beautiful! Versus last year 1.86 cents.
NAV of 73 cents.
Gearing ratios of 30.1%.
Distribution Policy
Trustee-Manager will distribute at least 90.0% of AGT’s distributable income, with the actual level of
distribution to be determined at the Trustee-Manager board’s discretion, having regard to funding
requirements, other capital management considerations and ensuring the overall stability of
distributions.
AGT will make distributions to Unitholders on a semi-annual basis, with the amount calculated as at 31
March and 30 September each year for the six-month period ending on each of the said dates.
Not a call to buy or sell.
Pls dyodd.
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