IGB REIT 2Q23 net profit lower at RM80.97mil

Revenue increased 5.8 per cent to RM141.54 million from RM133.76 million previously.

’s net profit for the second quarter ended June 30, 2023 slid three per cent to RM80.97 million from RM83.47 million in the same quarter last year.In a filing with Bursa Malaysia today, the company said the higher revenue was mainly due to higher rental income in the current quarter.

However, 3Q 2023 growth rate is estimated at two per cent only due to the high base effect in 3Q 2022, which saw a 96 per cent retail industry growth. "Shortage of workers, higher operating costs particularly in the electricity hikes, intense competition and expansion plans remain as key challenges to the domestic retail industry in 2023.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in MY

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Lelaki kiriman Tuhan’ pernah menangis, cair dengan wanita tanpa tangan! Mesej nak berkenalan hanya dibalas selepas 2 tahun - Viral | mStarPASANGAN ini melangsungkan pernikahan pada 23 Julai 2023 selepas setahun perkenalan.
Read more »

Malaysia langkah kanan tewaskan Sri Lanka di Piala Billie Jean King 2023Malaysia menang aksi pembukaan Kumpulan B Piala Billie Jean King Zon Asia/Ocenia 2023 apabila menumpaskan Sri Lanka dengan keputusan 3-0.
Read more »