KLCCP Stapled Group posts 12 7% revenue growth in Q2 2023 thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
KLCCP Stapled Group delivered a resilient performance in quarter three, 2022 which saw its Profit Before Tax (PBT) surge to RM237.6 million, compared RM154.0 million in third quarter last year. Revenue grew 43.7pc from RM260.3 million to 374.0 million, underpinned by the steady growth in the retail and hotel segments
KUALA LUMPUR (Jan 27): KLCC Stapled Group posted its first ever quarterly net loss on record after impairment and fair value changes on investment properties weighed on its financials.
It posted a net loss of RM41.84 million for the fourth quarter ended Dec 31, 2020 (4QFY20), compared with a net profit of RM156.66 million in the preceding quarter and a net profit of RM244.41 million in 4QFY19.
In a filing today, the stapled security, which includes KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (REIT), attributed the loss to a fair value loss on investment properties of RM142.34 million and an RM81.4 million impairment of its ongoing development of Kompleks Dayabumi Phase 3.