KUALA LUMPUR: IGB Real Estate Investment Trust
(IGB-REIT) booked a higher year-on-year (y-o-y) net profit for its first quarter (1Q) ended March 31, 2024, even as it cautioned that inflationary pressures would keep it under pressure.
Its total comprehensive income or net profit for the quarter rose by 11.1% y-o-y to RM99.61mil on the back of revenue rising by 2.6% to RM162.56mil.
Basic earnings per share stood at 2.76 sen compared with 2.68 sen previously.
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