Tower REIT earnings up 36% in Q1

Tower REIT attributed the topline and bottom line performance to recognition of full revenue from Menara Guoco, as well as lower expenses in Plaza Zurich and Menara HLX.

PETALING JAYA: Tower Real Estate Investment Trust (Tower REIT) posted a 36% jump in net profit to RM2.13mil for the first quarter ended Sept 30, 2021 compared with RM1.56mil a year earlier.

Revenue for the three-month period ended Sept 30 surged about 26% to RM8.21mil from RM6.5mil previously.