UOA REIT Q2 earnings double despite soft market

UOA REIT said its net profit surged to RM14.93mil from RM7.06mil in the previous corresponding quarter

PETALING JAYA: The net profit of UOA Real Estate Investment Trust (REIT) more than doubled in the second quarter ended June 30, led by stronger gross rentals as well as interest and other income.

In a filing with Bursa Malaysia, UOA REIT said its net profit surged to RM14.93mil from RM7.06mil in the previous corresponding quarter.