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BUSINESS

CLMT's net profit in Q2 improves to RM23.11 mln, announces distributable income of RM42 mln for H1 2022

22/07/2022 06:59 PM

KUALA LUMPUR, July 22 (Bernama) -- CapitaLand Malaysia Trust's (CLMT) net profit for the second quarter (Q2) ended June 30, 2022, increased to RM23.11 million from RM11.48 million in the same period last year. 

In a filing with Bursa Malaysia today, its revenue also improved by  RM15.6 million or 29.6 per cent to RM68.32 million from RM52.71 million previously. 

The increase in gross revenue was contributed by continued improvement in retail sentiment and the absence of movement control in the current quarter as compared to the same quarter last year.

The net property income (NPI) for 2Q 2022 of RM37.4 million was RM11.0 million or 41.6 per cent higher than 2Q 2021. 

On prospects, it would continue to strive for healthy portfolio occupancy and sustainable rental income through proactive portfolio and asset management, whilst actively pursuing inorganic growth opportunities with financial discipline. 

It also remains committed to deliver long term and sustainable income distributions to unitholders.

Meanwhile, in a separate filing, CapitaLand Malaysia REIT Management Sdn Bhd, the manager of CLMT announced a distributable income of RM42.0 million for the period Jan 1, 2022 to June 30, 2022 (1H 2022), 131.5 per cent higher than the RM18.2 million for the same period a year ago. 

The 1H 2022 distribution per unit (DPU) was 1.95 sen, up 126.7 per cent year-on-year. 

The better performance in 1H 2022 was mainly due to the recovery in retail sentiment as tenants’ businesses gradually returned to normalcy. 

-- BERNAMA

 

 

 


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