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KLCCP Stapled Group’s Second Quarter Revenue Down 24%

KLCCP Stapled Group’s Second Quarter Revenue Down 24%

August 6, 2020 — KlCCP Stapled Group reported a revenue of RM267.2 million for the second quarter of financial year 2020, lower by 24% year-on-year whilst profit before tax (PBT) dropped by 30% to RM163.8 million due to the sharp decline in the performance of the hotel and retail segments arising from the unprecedented Covid-19 pandemic and the Movement Control Order which commenced from since March 18, 2020.

For the cumulative six-month period from January 1 to June 30, 2020, the group recorded a revenue of RM621.8 million, lower by 11.7% as compared to the first hald of 2019 while PBT dropped 16.4% to RM396.1 million.

For the second quarter 2020, KLCCP Stapled Group’s distributed 7.50 sen per stapled security, reflective of the overall performance of the Group for the second quarter 2020. This amounted to a total dividend payment of 15.80 sen for the first half of 2020.

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