Axis-REIT yearly revenue rises 16.2%

In the fourth quarter ended Dec 31, Axis-REIT’s net profit tumbled 40.3% to RM59.7mil, or 3.64 sen earnings per share against RM99.9mil, or 6.86 sen a year earlier.

PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) is optimistic of maintaining its performance for the coming financial year ending Dec 31, 2023 (FY23).

“The manager is optimistic that in view of the current satisfactory performance of Axis-REIT’s existing property portfolio and its growth strategy to actively pursue quality investments, it will be able to maintain its current performance for the coming FY23,” Axis-REIT said in a filing with Bursa Malaysia.