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Al-Hadharah REIT net profit up 50pct in Q2

Posted on 10 August 2011

Al-Hadharah Boustead REIT’s net profit increased 50 per cent to RM24 million in the second quarter ended June 30, 2011 from the RM16 million achieved in the same quarter last year.
The Islamic plantation-based real estate investment trusts’ (REIT) pre-tax profit rose to RM23.9 million from RM15.9 million, while revenue was higher at RM27.7 million compared to RM18.1 million previously. ………………………………………Full Article: Source

 
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