KUALA LUMPUR, Nov 10 (Bernama) — KLCCP Stapled Group posted a stronger third quarter performance compared to quarter two of this year with revenue and PBT increasing 17.0% and 19.3% respectively. This was contributed by a steady recovery in the retail and hotel segments during the quarter. However, the prolonged challenging operating environment due to the Covid-19 pandemic saw the Group’s year-on-year revenue and PBT performance for the quarter decline by 11.6% and 16.9% respectively in comparison to quarter three, 2019.
The ongoing pandemic and the various phases of lockdown which came into effect from 18 March 2020 has impacted the 9-month performance for the period ended 30 September 2020 with year-to-date revenue declining 11.7% to RM934.4 million and PBT to RM591.6 million.