Axis-REIT optimistic about FY24 performance


KUALA LUMPUR: Axis Real Estate Investment Trust (Axis-REIT), which posted an 84% jump in its net profit to RM110.2mil in the fourth quarter ended Dec 31, 2023 (4Q23), is optimistic about maintaining its current performance in the current financial year ending Dec 31, 2024 (FY24).

“The manager is optimistic that in view of the 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 FY24,” it said in a filing with Bursa Malaysia.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Axis-REIT

Next In Business News

Key thrusts for banks next year
YTL builds it right
Dents and glitter in steel sector
Wasco on board for better days
Better for Bursa in 2026
Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Luxury stocks set for revival

Others Also Read