KUALA LUMPUR (Bernama) -- Pavilion Real Estate Investment Trust
’s (REIT) net profit for the second quarter (Q2) ended June 30, 2021 surged 104.3 per cent to RM20.41 million compared with RM9.99 million in the same quarter in the preceding year.
In a statement filed with Bursa Malaysia today, it said although revenue eased 1.3 per cent to RM124.78 million versus RM126.39 million previously, savings in property operating expenses and higher rental support to its tenants in Q2 2020 resulted in higher net property income by RM8.5 million or 21.9 per cent to RM47.6 million.
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