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Monday, November 5, 2012

Pavillion REIT posts RM48.73m pre-tax profit

KUALA LUMPUR: Pavillion Real Estate Investment Trust has recorded a pre-tax profit of RM48.738 million for the third quarter financial period ended Sept 30, 2012.

Revenue for the period was RM86.509 million, the company said in a filing to Bursa Malaysia today.

It said an asset enhancement initiative announced in January last year has been completed with most tenants commencing trade from end of the quarter under review.

This is expected to bring higher rental income for the next quarter, it said.

By Bernama

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