PETALING JAYA: Hektar Real Estate Investment Trust’s (REIT) net profit increased 16.54% to RM10.81mil on the back of a 22% increase in revenue to RM29.66mil for the second quarter to June 30, on the back of the opening of two of its new shopping malls in Kedah. Earnings per share dropped slightly to 2.7 sen from 2.9 sen previously. The company also announced a dividend of 2.6 sen for the period.
For the six-month period, net profit was up 15.1% to RM21.87mil on a 22.5% increase in revenue to RM59.74mil. For the period, the company had cash and cash equivalents of RM25.08mil from RM18.06mil previously. Cumulatively, the company has given out 5.46 sen in dividend as compared with 5.94 sen in the previous six months.
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