Despite a challenging market outlook, KLCC REIT said it continued to remain resilient on the back of long-term profile of office leases and the positive results from the retail segment from the reconfiguration exercise in Suria KLCC.
KUALA LUMPUR: KLCC Real Estate Investment Trust’s (KLCC REIT) net profit for the fourth quarter ended Dec 31,2019 rose 33.1% to RM244.41mil from RM183.66mil a year ago, mainly due to property investment in the retail sector and hotel operations segment.
In a filing with Bursa Malaysia, the group said revenue was down by 0.3% to RM364.96mil from RM366.34mil a year ago due to its retail and management services segment.
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