Al-Aqar KPJ – BT

Al-‘Aqar KPJ REIT improves Q2 profit

Al-‘Aqar KPJ REIT’s pre-tax profit for the second quarter ended June 30, 2011 rose to RM11.12 million from RM10.95 million in the same period last year.

Revenue rose to RM19.819 million from RM17.214 million previously.

In a filing to Bursa Malaysia today, the company said the increase was mainly due to new rental income contributed by KPJ Tawakkal Specialist Hospital and additional building of Johor Specialist Hospital, which was acquired in July and December 2010, respectively.

“Both properties had contributed approximately RM2.8 million, or 15 per cent, of rental income recorded during the quarter,” it said. — Bernama