KLCCP posts higher Q2 revenue but flat profit

The Petronas Twin Towers (headquarters) are seen at night in Kuala Lumpur November 20, 2015. - AFP

PETALING JAYA: KLCC Property Holdings Bhd (KLCCP) Stapled Group’s net profit was relatively flat for the second quarter ended June 30 despite registering a marginal increase in revenue due to the lacklustre performance of its hotel operations.

During the quarter in review, KLCCP said net profit for the stapled group (comprising KLCCP and its unit KLCC Real Estate Investment Trust or Reit) stood at RM177.96mil, or 9.86 sen per share, which was relatively flat compared with RM177.86mil, or 9.85 sen per share, in the previous corresponding period. The group’s revenue, however, increased 0.8% to RM337.52mil from RM334.57mil.