Quill profit up on property income

PETALING JAYA: Quill Capita Trust, a real estate investment trust (REIT), posted a 1.69% rise in net profit to RM7.47mil for the quarter ended March 31 compared with the previous corresponding period.

This was achieved on higher income contribution from properties and lower borrowing costs. Revenue rose 1.6% to RM17.18mil.

In a separate announcement, Axis REIT declared a net profit that was 36.87% higher at RM14.26mil for the first quarter ended March 31 compared with a year ago, while revenue came in 14.53% higher at RM19.84mil.

By The Star