CapitaMalls Malaysia Trust core net profit below expectations

KUALA LUMPUR: CapitaMalls Malaysia Trust’s (CMMT) core net profit of RM38.2mil was below CIMB Equities Research’s expectations, accounting for only 23.3% of its FY15 forecast.

The research house said the main variance was the weaker-than-expected revenue from Sg. Wang Plaza, which continues to be plagued by the Mass Rapid Transit works in the surrounding area.