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Monday, May 7, 2012

Pavilion REIT posts RM47.8m Q1 pre-tax profit

Pavilion Real Estate Investment Trust (REIT) posted a pre-tax profit of RM47.8 million on a revenue of RM85.3 million for the first quarter ended March 31, 2012.

The group, which was listed on the Main Market of Bursa Malaysia on December 7 last year, is managed by Pavilion REIT Management Sdn Bhd.

In a filing to Bursa Malaysia, the manager said 2012 would be a successful year for the group.

"Barring any unforeseen circumstances, we expect Pavilion REIT to meet the year's projected distribution per unit of 5.73 sen, as disclosed in the prospectus," it said.

By Bernama

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