KLCCP’s third-quarter net profit rose to RM209.13mil from RM206.53mil in the previous corresponding period.
PETALING JAYA: KLCCP Stapled Group (KLCCP), which consists of KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust, says it believes its diversified portfolio will provide a strong foundation for continuous growth.
The group said the strength of its portfolio was anchored by the stability of its office segment and complemented by the resilience of its retail and hospitality businesses.
For the third quarter of this year, KLCCP’s net profit rose to RM209.13mil from RM206.53mil in the previous corresponding period, while revenue was flat at RM429.7mil compared with RM429.62mil a year earlier.
“The quarter’s performance was anchored by the office and retail segments, driven primarily by planned maintenance activities and complemented by consistent contributions from the hotel segment.
“Successful refinancing further strengthened the group’s financial position with lower financing costs and enhanced overall efficiency.”
For the nine-month period to Sept 30, KLCCP’s net profit grew to RM611.07mil from RM585.62mil in the previous corresponding period, while revenue was flat at RM1.25bil.
KLCCP said ongoing enhancement initiatives and prudent financial management reinforce its ability to deliver long-term value for stakeholders.
