Tuesday, April 26, 2011

Tower REIT Q1 pre-tax profit rises to RM8.5m

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

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