Pavilion – thestar

Pavilion REIT posts second-quarter proit

Pavilion Real Estate Investment Trust (REIT) posted a net profit of RM47.7mil, or 1.59 sen earnings per share on revenue of RM82.8mil for the second quarter ended June 30.

For the first six months, Pavilion REIT posted a net profit of RM95.5mil. Its revenue stood at RM168.1mil. There were no comparative figures reported.

Pavilion REIT also declared an income distribution comprising 3.28 sen per unit (taxable) and 0.08 sen per unit (non taxable) totalling 3.36 sen per unit.