PETALING JAYA: Sunway Real Estate Investment Trust’s (Sunway-REIT) net profit for its first quarter ended March 31, surged to RM106.32mil from RM36.82mil in the previous corresponding period, driven by better performances from all its business segments.
Revenue in the first quarter grew to RM153.97mil from RM104.27mil a year earlier.In a filing with Bursa Malaysia yesterday, Sunway-REIT said the retail segment recorded gross revenue of RM98.4mil for the first quarter ended March 31 – an increase of 83% or RM44.8mil compared with the same period last year.