AmFirst – thestar

AmFIRST REITs posts lower profit

AmFIRST Real Estate Investment Trust recorded a lower pre-tax profit of RM45.362mil for the financial year ended March 31, 2011, compared with RM54.057mil recorded last year.

In a filing to Bursa Malaysia, the company said revenue decreased to RM88.539mil, for the period under review, from RM98.188mil registered previously.

Meanwhile,  Am ARA REIT Managers Sdn Bhd, the manager for AmFIRST, declared a final income distribution per unit of 4.94 sen for the six-months ended March 31, 2011.

Taking into account the interim distribution payout of 4.81 sen, the total dividend was maintained at 9.75 sen, similar to the previous year. – Bernama