Sunway REIT net profit rises to RM524.75mil in FY24, declares 10 sen DPU

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The Star 3h ago

Sunway REIT net profit rises to RM524.75mil in FY24, declares 10 sen DPU - The Star

Quick Summary:

KUALA LUMPUR: Sunway Reit Management Sdn Bhd, the manager of Sunway Real Estate Investment Trust (Sunway REIT), saw its net profit surging to RM524.75 million for the financial year ended Dec 31, 2024 (FY2024) from RM338.19 million a year earlier.

"Our main sectors of retail and hospitality are also expected to benefit from the increase in minimum wages, civil service wage hike and continued increase in tourist arrivals.

"Additionally, the successful reconfiguration of Sunway Pyramid Mall’s Oasis precinct, which reopened on Nov 1, 2024, is set to also support our growth,” he said.