PETALING JAYA: Sunway Real Estate Investment Trust (Sunway REIT) posted a net profit of RM73mil for the first quarter ended Sept 30, down 7.9% as compared with the corresponding period last year, mainly due to higher finance costs.
In a filing with Bursa Malaysia, Sunway REIT said net property income for the quarter was lower by 0.5% compared with the same quarter last year, despite a 1.8% higher gross revenue of RM2.5mil, mainly attributable to higher fit-out cost and maintenance expenses for the retail segment.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!