Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


KLCC Property 3Q profit plunges 85% to RM118m

Bursa Community :: Community News

Go down

KLCC Property 3Q profit plunges 85% to RM118m Empty KLCC Property 3Q profit plunges 85% to RM118m

Post by Cals Tue 29 Oct 2013, 23:51

KLCC Property 3Q profit plunges 85% to RM118m
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com   
Tuesday, 29 October 2013 18:14
KUALA LUMPUR (Oct 29): KLCC Property Holdings Bhd’s net profit plunged 85% year-on-year (y-o-y) to RM118 million in the third quarter ended Sept 30, 2013.

But 3Q revenue climbed 14% y-o-y to RM322 million from RM283 million.

In a statement to Bursa Malaysia, the property investor and facility management service provider attributed its larger revenue to increases in revenue from its office property investment and retail property investment segments.

It also said its hotel operations and management services segments raked in higher revenues.

Meanwhile, KLCC Property recorded year to date nine-month net profit of RM452 million from RM1.4 billion a year ago and chalked up revenue of RM948 million versus RM847 million a year earlier.

The group declared its third interim dividend of 8.28 sen per share for the financial year ending Dec 31, 2013.

“Going forward, the directors are of the view that the performance for the remainder of FY13 will be in line with expectation,” said KLCC Property.

“However, the hotel segment will continue to trade in a challenging environment.”
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum