IGB REIT pre-tax profit fell to RM254 million in FY15

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IGB REIT pre-tax profit fell to RM254 million in FY15

KUALA LUMPUR, Jan 26  — IGB Real Estate Investment Trust (Reit) registered a lower pre-tax profit of RM254 million for the financial year ended Dec 31, 2015 from RM317.61 million recorded in 2014.

However, revenue increased 5.9 per cent to RM489.19 million from RM461.79 million registered previously due to higher total rental income, IGB Reit said in a filing to Bursa Malaysia Tuesday.

For the fourth quarter ended Dec 31, 2015, the company chalked up a lower pre-tax profit of RM53.13 million compared with RM56.24 million, while the revenue improved to RM121.43 million from RM119.60 million.

Going forward, IGB was cautious about the challenging business volatility and economic headwinds that may impact the financial performance for this year.

— BERNAMA
 


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