KUALA LUMPUR: Capitaland Malaysia Trust
's (CLMT) net profit for the first quarter ended March 31, 2024 (1Q 2024) rose to RM33.49 million from RM12.04 million a year earlier.
Revenue rose 42.5 per cent to RM111.88 million from RM78.49 million previously, the real estate investment trust said.
In a filing with Bursa Malaysia today, CLMT said the significant revenue increase was mainly due to the full quarter revenue contribution from Queensbay Mall, higher occupancies and positive rental reversions.
"Net property income for 1Q 2024 was RM64.0 million, up 63.0 per cent from the same period a year ago,” the filing said.
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