Challenging business: Hektar REIT receives lower revenue from Subang Parade.
PETALING JAYA: Hektar Real Estate Investment Trust (Hektar REIT) saw a 12.1% decline in net profit to RM10.43mil for the second quarter ended June 30 compared with the corresponding quarter last year due mainly to the increase in interest expenses and lower revenue from Subang Parade.
For the quarter in review, its total revenue fell marginally to RM30.94mil from RM30.98mil previously. Its earnings per unit fell to 2.6 sen from 2.96 sen previously.
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