MRCB-Quill REIT Q1 net profit down 7.6%

?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday

PETALING JAYA: The net profit of MRCB-Quill REIT (MQREIT) slipped 7.6% to RM19.4mil in the first quarter, on the back of lower revenue generated from selected properties.

The company, in a filing with Bursa Malaysia, said this was despite lower property operating expenses and trust expenses incurred during the period.