However, KIP Reit told the stock exchange that its realised profit after tax for the fourth quarter was RM8.2mil, if the change in property fair value was removed.
PETALING JAYA: KIP Real Estate Investment Trust
(Reit) recorded its first quarterly net loss in the fourth quarter ended June 30, after it posted a RM13.2mil unrealised fair value loss on investment properties following the annual valuation exercise.
The net loss for the April-June 2020 period was RM5mil as compared to a net profit of RM11.53mil a year earlier.
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