IGB REIT posts higher net profit

Trading in IGB shares on the Main Market of Bursa Malaysia will continue to be suspended until completion of the scheme, and delisting of IGB Corp from the official list of Bursa Malaysia.

KUALA LUMPUR: IGB Real Estate Investment Trust (REIT) recorded a slightly higher net profit of RM82.88mil for the first quarter ended Dec 31, 2019, compared with RM82.25mil a year earlier mainly due to higher rental income.

Revenue rose to RM141.23mil from RM136.79mil previously, the group said in a filing with Bursa Malaysia yesterday.