Friday May 10, 2013

Quill Capita Q1 net profit higher

PETALING JAYA: Quill Capita Trust’s net profit for its first quarter ended March 31 is marginally higher at RM8.11mil compared to RM8.07mil a year ago, despite revenue dipping 3.1% to RM17.23mil.

In a filing with Bursa Malaysia, the company said: “As compared with the preceding year’s corresponding quarter, the revenue is about 3.1% lower mainly due to a higher vacancy mitigated by the rental increases of some properties. “Property operating expenses is lower by 7.4% due to less repair costs.”

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