KUALA LUMPUR: IGB Real Estate Investment Trust (REIT) posted a pre-tax profit of RM146.89mil for its fourth quarter ended Dec 31, 2012.
In a filing with Bursa Malaysia, IGB REIT said it recorded a revenue of RM102.98mil for the period.
For the full financial year, pre-tax profit was RM153.29mil while revenue amounted to RM115.28mil.
IGB REIT said for the current year period-to-date, revenue and net property income, mainly from the gross rental income of Mid Valley Megamall and The Gardens Mall, were RM115.29mil and RM76.2mil respectively, resulting in income before taxation of RM153.30mil.
“The retail sector in Greater Kuala Lumpur continues to outperform other property sectors, evidenced by continued institutional investment interest in quality assets and the reception to the IGB REIT by investors,” it added. – Bernama
Source: The Star http://biz.thestar.com.my/news/story.asp?file=/2013/1/31/business/12650211&sec=business