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Tuesday, April 17, 2012

Axis REIT posts higher profit

PETALING JAYA: Axis Real Estate Investment Trust (REIT) has reported a net profit increase of 27.1% from a year earlier to RM20.96mil for its first quarter ended March 31, 2012, on higher revenue and property revaluation surplus.

During the quarter in review, the company posted revenue of RM30.29mil, up 18.5% from a year earlier.

Axis REIT told Bursa Malaysia that it had registered a property revaluation surplus of RM300,000 for the first quarter of 2012.

It had proposed a first interim income distribution of 4.3 sen per unit, up from 4.2 sen per unit for the corresponding period last year.

By The Star

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