KLCCP Stapled Group Reports First Quarter 2020 Revenue Of RM 354.6 Million (US$82.25 Million)
May 6, 2020 — KLCCP Stapled Group reported a stable top-line performance for the first quarter ended 31 March 2020 with revenue of RM 354.6 million as compared to RM 353.4 million in the first quarter 2019. The marginal increase in revenue was mainly supported by the resilience in the office segment, buoyed by the new tenants from the anchor-to-specialty reconfigured space at the retail mall.
Profit Before Tax (PBT) saw a decline of 3.1% year-on-year (YoY) to RM 232.3 million due to the negative impact in the hotel segment arising from the travel restrictions imposed from the Covid-19 outbreak and enforced Movement Control Order (MCO) by the Government.
KLCCP Stapled Group distributed 8.30 sen per stapled security, reflective of the overall performance of the Group due to the Covid-19 crisis. This amounted to a total divided payment of RM 149.8 million for the quarter.
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