Axis-REIT’s 1Q net profit up to RM40mil

Axis-REIT, which owns 60 properties according to its website, reported a 24.64% year-on-year (y-o-y) jump in net profit to RM39.84mil in the January to March 2022 period.

PETALING JAYA: The net profit of Axis Real Estate Investment Trust (Axis-REIT) increased by almost a quarter in the first quarter ended March 31, on the back of higher income.

Axis-REIT, which owns 60 properties according to its website, reported a 24.64% year-on-year (y-o-y) jump in net profit to RM39.84mil in the January to March 2022 period.