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KUALA LUMPUR: UOA Real Estate Investment Trust (REIT) recorded a drop in net profit of 14.4% to RM6.25 million from RM7.3 million a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the trust announced on Monday, Nov 29.
Revenue collected during the period dropped by 5% to RM10.61 million from RM11.15 million a year ago.
The basic earning per share dropped to 2.54 sen from 2.97 sen the previous year. The net assets per share rose to RM1.4915 from RM1.4868 as at the preceding financial year end.
UOA REIT is managed by UOA Asset Management Sdn Bhd. The principal activity of UOA REIT is investment in real estate and real estate related assets used for commercial purposes.
Revenue collected during the period dropped by 5% to RM10.61 million from RM11.15 million a year ago.
The basic earning per share dropped to 2.54 sen from 2.97 sen the previous year. The net assets per share rose to RM1.4915 from RM1.4868 as at the preceding financial year end.
UOA REIT is managed by UOA Asset Management Sdn Bhd. The principal activity of UOA REIT is investment in real estate and real estate related assets used for commercial purposes.
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