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Tuesday, February 14, 2012

Hektar REIT profit jumps to RM58mil

KUALA LUMPUR: Hektar Real Estate Investment Trust’s (Hektar REIT) net profit jumped to RM57.7mil for the fourth quarter ended Dec 31, 2011 from RM11.3mil a year earlier.

Its revenue rose to RM24.2mil against RM24mil previously.

Hektar REIT’s net profit increased to RM86.6mil for the financial year ended Dec 31, 2011 (FY11), up from RM39.1mil previously on RM47.7mil gain on revaluation of investment properties. Its full-year revenue stood at RM94.9mil from RM90.8mil previously.

Hektar REIT declared a final quarter dividend per unit of 3 sen.

By The Star

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