However, KIP Reit told the stock exchange that its realised profit after tax for the fourth quarter was RM8.2mil, if the change in property fair value was removed.
PETALING JAYA: KIP Real Estate Investment Trust
(Reit) recorded its first quarterly net loss in the fourth quarter ended June 30, after it posted a RM13.2mil unrealised fair value loss on investment properties following the annual valuation exercise.
The net loss for the April-June 2020 period was RM5mil as compared to a net profit of RM11.53mil a year earlier.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
