KLCC Stapled Group's net profit rises to RM206.53mil in 3Q

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KUALA LUMPUR: KLCC Stapled Group, which comprises KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (REIT), recorded a higher net profit of RM206.53 million in the third quarter ended Sept 30, 2024 (3Q 2024) compared to RM185.33 million in the same period last year.

On prospects, the directors remain positive on the outlook of the group’s performance, supported by its strategic assets, brand names and continued efforts in cost optimisation.

"Mandarin Oriental, Kuala Lumpur saw high revenue per available room growth in the quarter from a strong events calendar and in successfully capturing the leisure segment.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: REIT KLCC Property KLCC Stapled Group Corporate News KLCC Real Estate Investment Trust /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 19:35:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 14 lines

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Copyright Owner: © The Star

News ID: 23824414

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