KLCCP Stapled Group posts lower Q1 profit

KLCCP Stapled noted that the performance of its retail segment (Suria KLCC and retail podium of Menara 3 Petronas) is significantly dependent on the consumers’ spending behaviour as well as the restrictions imposed to control the pandemic.

KUALA LUMPUR: KLCCP Stapled Group remains cautious about its prospects for 2021, and anticipates the year to still be challenging while the national Covid-19 vaccination rollout would foster market recovery.

KLCC Property Holdings Bhd and KLCC Reit, collectively known as KLCCP Stapled Group, is Malaysia’s largest self-managed stapled security.