QCT's earnings dampened by repair costs

KUALA LUMPUR (Jan 19): Quill Capita Trust (QCT), which is managed by Quill Capita Management Sdn Bhd, posted RM8.07 million in net profit for 4QFY11 ended Dec 31, up 6.4% from RM8.12 million a year ago due to higher property operating expenses.

Year-on-year, property operating expenses increase by nearly 32% as a result of more building repairs. Most of the repairs occurred in the quarter, resulting in 14% lower net profit compared with the immediate preceding quarter's RM8.07 million.

QCT's nine-month net profit stood at RM34.32 million versus RM32.58 million in the same consolidated period the previous year. Revenue also rose by 1.4% from RM69.30 million to RM70.27 million.