KUALA LUMPUR, Aug 27 (Bernama) — KLCC Property Holdings Bhd (KLCCP) posted a higher net profit of RM200.45 million in the second quarter ended June 30, 2025 (2Q 2025) compared to RM191.06 million in the same period a year ago.
In a statement today, the property company said the improvement in net profit was supported by stronger contributions from the retail and hotel segments and lower financing costs from the refinancing exercises carried out for the hotel during the quarter and for Suria KLCC at the end of the last financial year.
However, the group said its revenue eased to RM410.25 million compared to RM413.25 million previously.
For the first six months ended June 30, 2025, KLCCP recorded a higher net profit of RM401.94 million from RM379.09 million in the same period last year, while revenue inched down to RM817.17 billion from RM822.15 billion previously.
“The performance reflected its financial strength and is in line with the recently completed upgrade works at the hotel ballroom and the full-year impact of financing costs from the acquisition of the remaining shares in Suria KLCC,” it said.
KLCCP also declared a dividend of 9.20 sen per stapled security for the quarter, bringing the total dividend for the first half of 2025 to 18.40 sen.
On prospects, the company said it remains focused on delivering sustainable value through strategic execution of key initiatives across its business segments despite global and domestic economic environment challenges.
KLCCP chief executive officer Datuk Mohd Salem Kailany said the company proactively invested in asset enhancements in the first half of the year to sharpen its competitive edge and drive stronger performance in the coming quarters.
“We remain confident that the group will continue to deliver a resilient performance in the second half of the year, supported by our solid portfolio, strong fundamentals, and ongoing strategic initiatives that position us well for sustainable growth,” he said.
— BERNAMA
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