Starhill REIT fourth quarter profit rises 13% to RM19.3mil
Financials For 4th Quarter ended
- Revenue was also up at RM26mil against RM23.5mil previously.Â
- Earnings per share stood at 1.74 sen and
- Starhill REIT proposed a per share dividend of 2.15 sen.Â
- For the full-year, it made a pre-tax profit of RM72.7mil compared with RM35.9mil the year before while revenue was also higher at RM98.8mil against RM50.7mil in 2006.Â
- The higher revenue and profit are due to rentals received from newly-acquired property, The Residences at Ritz-Carlton in
Kuala Lumpur, and higher rental rates from renewal of existing tenancies as well as commencement of new tenancies at its existing investment properties contributed to the rise in revenue and pre-tax profit. - Starhill REIT said that considering the strength of the real estate portfolio invested, it expected to achieve satisfactory performance in the year ending
June 30, 2008.(13/7/07-The Star Malaysia)
- Starhill REIT After-tax Income Exceeds IPO Forecast
- REIT Managers Pushing For Relaxation Of Rules
- Updates on KPJ Healthcare’s REIT- AL-‘Aqar KPJ REIT
- Al-’Aqar KPJ REIT Oversubscribed
- July’07 Malaysian Reits Update
- Boustead Holdings Bhd’s Al-Hadharah Boustead ‘s REIT To raise RM229.7mil
- TA To List REIT
August 3, 2007
Posted in: Activity-Based Costing

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