Kuala Lumpur, 26 August 2019 – KLCCP Stapled Group reported a stronger overall performance for the second quarter ended 30 June 2019, demonstrating continued sustained growth across the office, retail and hotel segments. The Group’s revenue grew 1.8% Year-on-Year (YoY) to RM351.1 million and Profit Before Tax (PBT) increased to RM234.0 million.
With resilient growth in its distributable income, KLCCP Stapled Group proposed a distribution per Stapled Security of 8.80 sen. This brings the distribution per stapled security to 17.60 sen for the first half of 2019, a 1.1% increase YoY.
Stable earnings boosted by retail and hotel segments in Quarter 2, 2019.
The office segment comprising PETRONAS Twin Towers, Menara 3 PETRONAS, Menara Dayabumi, and Menara ExxonMobil continued to provide a stable income stream to the Group. The growth in PBT by 1.5% is mainly due to higher recovery of utility charges coupled with lower operating expenditure.
During the quarter, PETRONAS Twin Towers and Menara 3 PETRONAS successfully attained the Green Building Index (GBI) Certified Gold Rating and GBI Certified Silver Rating respectively.
These achievements are testament to the Group’s efforts and commitment in promoting sustainable development across its operations.
“We are encouraged by this improved performance in the first half of 2019. Despite the tough operating market conditions, our office, retail and hotel segments remain resilient and we are optimistic that we will be able to sustain this momentum in the coming quarters.”Chief Executive Officer, KLCC Property Holdings Berhad, Datuk Hashim Wahir