PETALING JAYA: Sunway Real Estate Investment Trust (SunREIT) has recorded a 16.19% jump year-on-year (y-o-y) in its net profit for the second quarter ended Dec 31,2019, on the back of a strong growth in net property income (NPI).
Its NPI grew 11.9% y-o-y from RM104.23mil to RM116.62mil while revenue rose 11.7% y-o-y to RM155.8mil for the quarter, boosted by income contribution from newly acquired Sunway university and college campus as well as improved performance across all segments.
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