KUALA LUMPUR, Jan 24 (Bernama) —
Highlights of FY2019
• Top-line growth of 1.2% Year-on-Year (YoY), increasing revenue to RM1.4 billion.
• Increase in Profit Before Tax (PBT) to RM1.1 billion as compared to RM964.1 million in the preceding year.
• Property value increased from RM15.7 billion to RM15.9 billion as at 31 December 2019, attributable to the fair value gain of RM118.5 million.
• Retail and hotel segments were key revenue drivers boosting the Group’s credible performance amid challenges in the operating landscape.
• Proposed distribution per stapled security of 11.60 sen for the 4th quarter, bringing total distribution per stapled security for the financial year to 38.00 sen.
Year-to-Date, 2019 Performance
KLCCP Stapled Group delivered a sustained performance for the year ended 31 December 2019 amid the challenging market landscape, recording a revenue growth of 1.2% YoY to RM1.4 billion and increased profits, boosted by stronger performance from the retail and hotel segments.