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Wednesday, February 15, 2012

Amanahraya REIT pre-tax profit at RM73.6m

Amanahraya Real Estate Investment Trust's (Amanahraya REIT) pre-tax profit for the financial year ended Dec 31, 2011, rose
to RM73.672 million from RM41.401 million in the same period in 2010. Revenue soared to RM65.306 million from RM59.510 million.

The higher pre-tax profit was due to unrealised gains from revaluation of its properties, it said in a filing to Bursa Malaysia.

On prospects, Amanahraya REIT said it was actively identifying good assets for new acquisitions to improve the yield and further diversify the portfolio to minimise the sectoral risk.

"The strategy of having assets with long-term leases by reputable lessees will continue to be Amanahraya REIT's focus to ensure sustainable returns," it added.

By Bernama

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