UOA REIT 2Q net rental income falls 22% on higher operating expenses; declares 2.9 sen distribution per unit
Its property operating expenses stood at RM11.
Its property operating expenses stood at RM11.
It also saw net profit for the quarter increase 2.
The latest contract is Ahmad Zaki's second win from the public works department in 2024.
In a note on Thursday, the research house said this negative variance was primarily due to higher-than-anticipated project operating costs and tax expenses.
For the full year, Gadang returned to the black with a net profit of RM4.
YTL Cement is buying the stake, comprising 303.
Revenue for the quarter ended June 30, 2024, rose 11.
“This project not only strengthens our order book, but also aligns with our commitment to environmental, social, and governance principles.
JCorp said it was capitalising on the growing data centre and renewable energy sectors in Johor, actively pursuing opportunities across the value chain through its subsidiary, JLand Group.
The upcoming performance and earnings visibility would remain “tough moving forward,” they said, adding that the delisting would also cut costs and savings would be ploughed back into refurbishment of the hotels.