Axis REIT net income jumps to RM42.9mil in 2Q

KUALA LUMPUR: Axis Real Estate Investment Trust’s (Axis-REIT) realised net income jumped 38.8% to RM42.9mil in the second quarter ended June 30 from RM30.9mil a year prior.

“The growth in realised net income was mainly attributed to the higher total trust income which increased by 20.1% to RM72.5mil from RM60.4mil a year ago,” it said.