KUALA LUMPUR, July 27 — IGB Real Estate Investment Trust (REIT) posted a higher net profit of RM83.47 million for the second quarter ended June 30, 2022 (Q2 FY2022) from RM44.31...
KUALA LUMPUR, July 27 — IGB Real Estate Investment Trust posted a higher net profit of RM83.47 million for the second quarter ended June 30, 2022 from RM44.31 million amid higher net property income.
In a filing with Bursa Malaysia today, it said the higher revenue, net property income and profit after taxation were mainly due to the lower rental support provided to tenants in the current quarter arising from the economic reopening and improving retail sales of tenants.
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