Shopping experience: A file picture of shoopers at The Gardens Mall. While Retail Group Malaysia has revised downward its 2018 retail sales growth, IGB REIT endeavours to strengthen its performance by improving customer and shopper experience at both Mid Valley Megamall and The Gardens Mall.
PETALING JAYA: IGB Real Estate Investment Trust
’s (REIT) net profit for the third quarter to Sept 30 fell 8.8% to RM75.81mil on the back of a 3.19% jump in revenue to RM133.73mil.
The lower net profit was mainly due to a one-time write-back of step-up interest arising from a fixed rate term loan which was fully settled in the corresponding quarter in 2017.
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