quarter

KIP REIT posts higher net profit of RM10.4m for first quarter

PETALING JAYA: KIP Real Estate Investment Trust (KIP REIT) registered a gross revenue of RM22.4 million for the first quarter ended Sept 30, 2023 (Q1’24) which translated to a 15.6% increase compared with RM19.3 million in the preceding year’s corresponding quarter. Net property income rose by 15.2%, year-on-year, to RM16.5 million. KIP REIT reported an 18.2% increase in realised profit after tax...

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