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Pavilion REIT’s earnings fall 46pc to RM32m in Q3 | Malay Mail

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Pavilion REIT’s earnings fall 46pc to RM32m in Q3 | Malay Mail
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KUALA LUMPUR, Oct 22 — Pavilion Real Estate Investment Trust’s (REIT) net profit fell 46 per cent year-on-year to RM32.04 million for the third quarter (Q3) ended September 30, 2020, dragged down mainly by the weaker performance of its two biggest revenue-contributing properties. Revenue...

With the latest resurgence of Covid-19 cases in the country as well as announcement of cases in some shopping malls, the number of patrons visiting malls had reduced, Pavilion REIT said. ― Picture by Miera Zulyana

Revenue dropped to RM116.23 million from RM144.35 million a year earlier, the group said in a filing with Bursa Malaysia today.

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