Sunway REIT Q3 pre-tax profit rises
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.