- MQREIT's Q1 net profit falls to RM21 mln
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MQREIT's Q1 net profit falls to RM21 mln

Last update: 17/05/2018

KUALA LUMPUR, May 17 (Bernama) -- MRCB-Quill Real Estate Investment Trust's (MQREIT) net profit for the first quarter ended March 31, 2018 eased to RM21 million from RM23.16 million in the same quarter last year.

Revenue also declined 4.9 per cent to RM44.29 million from RM46.57 million previously.

In a filing with Bursa Malaysia today, it attributed the decrease to lower revenue from Platinum Sentral and Menara Shell.

On prospects, MQREIT said the Klang Valley office space market was expected to remain challenging.

"For 2018, we will focus on asset management and leasing strategies that are centred on tenant retention to overcome the challenging operating environment," it added.....


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