Retail business lifts Sunway REIT net profit


PETALING JAYA: Sunway Real Estate Investment Trust’s (REIT) net profit rose 2.7% to RM235.21mil for the fourth quarter ended June 30, 2014, from RM228.97mil in the previous corresponding period.

In its filing with Bursa Malaysia, the property manager said its net profit growth was mainly attributable to higher net property income from the retail segment, higher interest income coupled with lower trust expenses and fair value gain on investment properties.

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