Revenue jumped seven-fold to RM817.87 million, from RM114.91 million in 2QFY20, on higher revenue from the leisure and hospitality businesses in the US, Bahamas, the UK and Egypt.
As at the closing of the restricted offering on Aug 20, the REIT's manager had received valid acceptances for 241.95 million ROFS units and 362.92 million corresponding distribution-in-specie units.
Revenue for the quarter increased 8% to RM658.65 million from RM610.47 million a year earlier.
They contradict the government’s policy to ease movement of vaccinated individuals and the critical need to address the priorities between saving lives and livelihoods.
It is also worth noting that its financial performance in 2QFY20 was dragged by an impairment recognised for completed property inventories totalling RM50 million.
NFO outlets were ordered to close temporarily with the implementation of the third movement control order (MCO 3.0) that commenced on June 1.
The leasehold land measuring 38,451 square metres comes with a development order and building plan approval for two 22-storey blocks of apartment comprising 479 units.
The Klang Valley reported a total of 5,231 infections today. Selangor and Kuala Lumpur, which are part of the region, reported the lowest numbers of infections in 34 days.
While Kuala Lumpur and Selangor remain in Phase 1 of the NRP, more restrictions were loosened on business operations and social activities recently.
Malaysia’s daily administered Covid-19 vaccine doses slipped to 441,100 on Aug 22 from 469,690 a day earlier.
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