KLCCP Stapled Group 2Q 2024 Shows Steady and Resilient Growth with Revenue of RM413.2 million

KUALA LUMPUR, Aug 29 (Bernama) -- KLCCP Stapled Group sustained its steady momentum and continued to demonstrate operational excellence resulting in improved growth across its portfolio. For the second quarter of 2024 (2Q 2024), the Group saw growth in revenue to RM413.2 million, an increase of 4.7% driven by its retail and hotel segments whilst profit before tax (PBT) stood at RM231.5 million. The Group’s results reflect the acquisition of the remaining 40% stake in Suria KLCC with an increase of 5.7% in profit attributable to equity holders (PATMI) to RM191.1 million in the quarter from RM180.8 million in 2Q 2023.

In the first half of 2024 (1H 2024), the Group recorded a strong increase of 6.0% to RM822.1 million in revenue and PBT of 2.2% higher at RM483.6 million from the same period a year ago (1H 2023). The Group declared a 9.20 sen dividend distribution per stapled security, 4.5% increase from 2Q 2023, bringing the total dividend declared to 18.20 sen for the year.