Axis-REIT optimistic of financial performance this year

The investment manager's net profit increased by 84% to RM110.2mil in 4Q23.

KUALA LUMPUR: Axis Real Estate Investment Trust (Axis-REIT) is maintaining strong optimism for 2024, on the back of satisfactory performance of its existing portfolio.

Looking at its books for the fiscal year ended Dec 2023, the investment manager had a strong final quarter (4Q23) which saw net profit almost doubling year-on-year (y-o-y), or increased by 84% to be exact to RM110.2mil