KLCCP Stapled Group posts flat profit in 3Q, declares higher dividend of 9.5 sen
KLCCP's office division was the largest revenue contributor in the quarter with RM146.
KLCCP's office division was the largest revenue contributor in the quarter with RM146.
The group, comprising KLCC Property Holdings Bhd and the KLCC Real Estate Investment Trust (REIT), declared a higher interim dividend of 9.
Back in December 2016, Symphony Life formed a joint venture (JV) company with PNB and JBiz Development, called PJS Damansara Sdn Bhd, to acquire and develop a 19.
At present, the company is focusing on asset rejuvenation — including upgrading and refurbishing its properties — in an effort to attract more tenants.
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust — declared a fourth interim dividend of 17.
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT) — declared a dividend of 9.
Salem, 55, a seasoned professional in the property development and real estate sector, will be stepping into the role to oversee KLCC REIT’s operational and strategic direction.
The group’s Suria KLCC and the retail podium of Menara 3 Petronas, which represent the retail segment, recorded notable increases of 8% and 11% in quarterly revenue and profit before tax respectively.
On prospects for the quarters ahead, KLCC Stapled Group said Suria KLCC maintains a positive outlook despite heightened competition, while Mandarin Oriental is strategically positioned to leverage the favourable economic climate, strengthening its collaboration with KLCC precinct partners.
Suria KLCC recently become a wholly owned subsidiary of KLCCP, after it bought the remaining 40% stake in the mall for RM1.