Pavilion REIT Q3 profit rises 12%

PETALING JAYA: Pavilion Real Estate Investment Trust’s (REIT) net profit in its third quarter ended Sept 30 rose by over 12% year-on-year (y-o-y) despite higher expenses, supported by stronger revenue in the quarter.

In a filing with Bursa Malaysia, the trust announced that its earnings in the three-month period jumped to RM62.25mil from RM55.41mil a year earlier.