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KLCC Property 1Q profit drops 13% to RM88 million
by hlk Thu 23 May 2013, 21:56
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 23 May 2013 19:11
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KUALA LUMPUR (May 23): KLCC PROPERTY HOLDINGS BHD [] 's
net profit fell 13% to RM87.96 million in the first quarter ended March
31, 2013 from RM101.46 million a year earlier.
In a statement to the exchange, KLCC said revenue rose 13% to
RM310.43 million from RM275.84 million.
KLCC said net profit had fallen on higher non-controlling interest.
Looking ahead, KLCC expects its performance for the remaining
quarters of the current financial year to be “in line with expectation".
"However, the hotel segment will continue to trade in a challenging
environment," the firm said.
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 23 May 2013 19:11
A + / A - / Reset
KUALA LUMPUR (May 23): KLCC PROPERTY HOLDINGS BHD [] 's
net profit fell 13% to RM87.96 million in the first quarter ended March
31, 2013 from RM101.46 million a year earlier.
In a statement to the exchange, KLCC said revenue rose 13% to
RM310.43 million from RM275.84 million.
KLCC said net profit had fallen on higher non-controlling interest.
Looking ahead, KLCC expects its performance for the remaining
quarters of the current financial year to be “in line with expectation".
"However, the hotel segment will continue to trade in a challenging
environment," the firm said.
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