Tower REIT Q1 profit up to RM8.49m

Tower Real Estate Investment Trust’s pre-tax profit for the first quarter ended March 31, 2011, improved to RM8.49 million from RM7.11 million recorded in the same period last year.

Revenue for the period rose to RM12.84 million from RM11.03 million previously following substantial increase in the average occupancy rate of Menara HLA, the company said in a filing to Bursa Malaysia today.- Bernama

Tower REIT makes RM7.3m in Q2

Tower Real Estate Investment Trust’s pre-tax profit increased to RM7.32 million for the second quarter ended June 30, 2010 from RM7.71 million in the same quarter last year.

Its revenue, however, declined to RM12.15 million from RM12.76 million previously. — Bernama