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NewsKLCC Property 4Q pre-tax profit jumps to RM496.77m
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KLCC Property 4Q pre-tax profit jumps to RM496.77m
by Cals Wed 22 Jan 2014, 08:53
| KLCC Property 4Q pre-tax profit jumps to RM496.77m |
| Business & Markets 2014 |
| Written by Bernama |
| Wednesday, 22 January 2014 08:31 |
KUALA LUMPUR (Jan 21): KLCC Property Holdings Bhd's (KLCCP) pre-tax profit for the fourth quarter ended Dec 31, 2013 jumped to RM496.77 million from RM246.42 million in the same quarter last year.
However, revenue slipped to RM330.95 million from RM330.99 million in the same period a year ago.
For a full 2013 financial year, the company's pre-tax profit dropped to RM1.15 billion from RM2.19 billion, while revenue rose to RM1.28 billion from
RM1.18 billion previously.
In a filing to Bursa Malaysia today, KLCCP said revenue for its office property investment increased by RM69 million, while retail went up by RM48.3
million.
Management services recorded higher revenue during the period while hotel operations was lower than the previous year due to lesser revenue in food and beverage and the room segment.
On prospects, the group expects the overall performance to further improve this year on the back of better performance from the retail segment, whilst the office rental remains stable.
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