Pavilion REIT Q2 net profit jumps 9pc

KUALA LUMPUR: Pavilion Real Estate Investment Trust (REIT) saw its net profit jump nine per cent to RM51.96 million in the second quarter ended June 30, compared with RM47.7 million a year ago. The company said revenue rose to RM91.1 million from RM82.83 million. "Income before taxation for the quarter under review was RM51.9 million, nine per cent higher than the corresponding period in 2012," it said, adding that this was due to higher net property income and lower finance cost.