IGB Reit net profit up more than 170%


PETALING JAYA: IGB Real Estate Investment Trust (IGB Reit) posted a net profit of RM145.13mil for the third quarter ended Sept 30, 2014, up more than 170% from RM53.83mil recorded in the same quarter last year.

Revenue was 4% higher at RM112.55mil from RM107.98mil a year ago, mainly due to higher total rental income as well as a revaluation gain of RM85mil.

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