KLCC Prop eyes 6% to 8% profit growth

KUALA LUMPUR: KLCC Property Holdings Bhd is eyeing between 6% and 8% growth in operating profit for the 2013 financial year, said CEO Datuk Hashim Wahir.

He said revenue growth would be driven by the restructuring of its real estate investment trust (REIT) and higher contribution from its office segment.

“We expect revenue contribution from the office segment to exceed 50% by year-end from the current 44%.

“This follows the completion of Menara 3 Petronas and the acquisition of a 49.5% share in Petronas Twin Towers from KLCC Holdings Sdn Bhd,” Hashim told reporters after the company AGM yesterday.

As for the REIT restructuring, existing shares in KLCC Property and units of KLCC REIT, were traded as one security on Bursa Malaysia. — Bernama

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