Sun­way REIT Q3 pre-tax profit rises

New Straits Times - - Business -

KUALA LUMPUR: Sun­way Real Es­tate In­vest­ment Trust’s (REIT) pre-tax profit rose to RM70.36 mil­lion for the third quar­ter ended March 31 2017 from RM64.76 mil­lion in the same pe­riod last year. Rev­enue also in­creased to RM134.57 mil­lion from RM130.35 mil­lion. In a fil­ing to Bursa Malaysia, it at­trib­uted the bet­ter per­for­mance to higher rev­enue con­tri­bu­tion from its re­tail and of­fice seg­ments. On prospects, it ex­pected a mar­ginal de­crease in dis­tri­bu­tion per unit in the 2017 fi­nan­cial year.

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