PETALING JAYA: Pavilion Real Estate Investment Trust
(Pavilion REIT) saw its net profit sliding 6.7% to RM55.4mil for the third quarter ended Sept 30 on the back of higher property operating expenses.
The company said its total property operating expenses were 17% higher year-on-year mainly due to higher maintenance costs such as continuous air-conditioning system improvement and upgrading works, replacement of pumps, escalator handrails and steps at the Pavilion Kuala Lumpur Mall, as well as its sponsorship of the 2017 SEA Games.
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