IGB REIT net profit up 116.4% to RM83.38mil in 3Q

KUALA LUMPUR: IGB Real Estate Investment Trust's (IGB REIT) net profit soared 116.4 per cent to RM83.38 million in the third quarter ended Sept 30, 2022 (Q3 2022) from RM38.54 million in the same period last year, which it attributed to lower rental support.

Revenue increased 46.3 per cent to RM140.12 million for the current quarter against RM95.80 million in corresponding quarter in 2021.