KLCCP Stapled Group Poised For Continued Growth In 2025
KUALA LUMPUR, April 29 (Bernama) -- KLCCP Stapled Group (the Group) held its 12th Annual General Meeting for KLCC Real Estate Investment Trust (KLCC REIT) and 22nd Annual General Meeting for KLCC Property Holdings Berhad (KLCCP) today, presenting to its shareholders the Group's performance for the financial year ended 31 December 2024. The Annual General Meetings (AGM) was held at the Mandarin Oriental, Kuala Lumpur Hotel.
Delivering values across our business
The Group achieved its highest results for the financial year ended 31 December 2024 with record-breaking revenue, profits, and dividend since its listing. Revenue saw a 5.7% year-on-year increase, hitting RM1.7 billion, whilst Profit Before Tax (PBT) rose to RM1.2 billion, reflecting a robust growth momentum underpinned by the resilience and strength of the Group's portfolio. In line with this stellar performance, the Group declared its highest-ever dividend payout of 44.50 sen per stapled security, a 9.9% increase from 2023.
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The Sun
4 hours ago
- The Sun
Ringgit slightly up against US dollar amid cautious sentiment
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Tuesday amid caution about the outcome of trade talks between China and the United States. At 8 am, the local note made a small rebound to 4.2275/2370 against the greenback compared to Monday's close of 4.2290/2345. Bank Muamalat Malaysia Bhd's chief economist, Dr Mohd Afzanizam Abdul Rashid, said the US dollar index (DXY) was down 0.25 per cent to 98.939 points as the US and China trade talks proceeded as planned, with positive indications from US officials about the negotiations. He highlighted that data from China showed the country's trade with the United States has been declining significantly, with exports and imports falling 34.5 per cent and 18.1 per cent, respectively, in May. 'The figures represented the second consecutive month of contraction, showing that the tariff shocks have had a significant impact on international trade. Meanwhile, the negative print for China's consumer price index has been ongoing for four consecutive months, with the latest reading standing at minus 0.1 per cent year-on-year in April, indicating a challenging economic outlook given weak demand,' he told Bernama. Mohd Afzanizam noted that the USD/MYR remained in a narrow range between RM4.231 and RM4.2458 yesterday amid cautious sentiment among traders and investors, with a similar trend expected to continue today. In early trade, the ringgit traded higher against a basket of major currencies. It rose against the Japanese yen to 2.9242/9310 from Monday's 2.9344/2.9384, appreciated versus the British pound to 5.7300/7428 from 5.7392/7466 and gained vis-à-vis the euro to 4.8303/8412 from 4.8316/8379. The local currency traded mixed against most of its ASEAN peers. It improved versus the Singapore dollar to 3.2876/2952 from 3.2908/2953 but fell against the Thai baht to 12.9463/9846 from 12.9414/9642 on Monday. It traded almost flat vis-à-vis the Indonesian rupiah at 259.4/260.1 from 259.5/260.0 and was unchanged against the Philippine peso at 7.57/7.59.

Malay Mail
5 hours ago
- Malay Mail
Ringgit edges up as US-China talks proceed, traders remain wary
KUALA LUMPUR, June 10 — The ringgit opened slightly higher against the US dollar on Tuesday amid caution about the outcome of trade talks between China and the United States. At 8 am, the local note made a small rebound to 4.2275/2370 against the greenback compared to Monday's close of 4.2290/2345. Bank Muamalat Malaysia Bhd's chief economist, Dr Mohd Afzanizam Abdul Rashid, said the US dollar index (DXY) was down 0.25 per cent to 98.939 points as the US and China trade talks proceeded as planned, with positive indications from US officials about the negotiations. He highlighted that data from China showed the country's trade with the United States has been declining significantly, with exports and imports falling 34.5 per cent and 18.1 per cent, respectively, in May. 'The figures represented the second consecutive month of contraction, showing that the tariff shocks have had a significant impact on international trade. Meanwhile, the negative print for China's consumer price index has been ongoing for four consecutive months, with the latest reading standing at minus 0.1 per cent year-on-year in April, indicating a challenging economic outlook given weak demand,' he told Bernama. Mohd Afzanizam noted that the USD/MYR remained in a narrow range between RM4.231 and RM4.2458 yesterday amid cautious sentiment among traders and investors, with a similar trend expected to continue today. In early trade, the ringgit traded higher against a basket of major currencies. It rose against the Japanese yen to 2.9242/9310 from Monday's 2.9344/2.9384, appreciated versus the British pound to 5.7300/7428 from 5.7392/7466 and gained vis-à-vis the euro to 4.8303/8412 from 4.8316/8379. The local currency traded mixed against most of its Asean peers. It improved versus the Singapore dollar to 3.2876/2952 from 3.2908/2953 but fell against the Thai baht to 12.9463/9846 from 12.9414/9642 on Monday. It traded almost flat vis-à-vis the Indonesian rupiah at 259.4/260.1 from 259.5/260.0 and was unchanged against the Philippine peso at 7.57/7.59. — Bernama


The Star
6 hours ago
- The Star
Ringgit slightly up against US dollar amid cautious sentiment
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Tuesday amid caution about the outcome of trade talks between China and the United States. At 8 am, the local note made a small rebound to 4.2275/2370 against the greenback compared to Monday's close of 4.2290/2345. Bank Muamalat Malaysia Bhd's chief economist, Dr Mohd Afzanizam Abdul Rashid, said the US dollar index (DXY) was down 0.25 per cent to 98.939 points as the US and China trade talks proceeded as planned, with positive indications from US officials about the negotiations. He highlighted that data from China showed the country's trade with the United States has been declining significantly, with exports and imports falling 34.5 per cent and 18.1 per cent, respectively, in May. "The figures represented the second consecutive month of contraction, showing that the tariff shocks have had a significant impact on international trade. Meanwhile, the negative print for China's consumer price index has been ongoing for four consecutive months, with the latest reading standing at minus 0.1 per cent year-on-year in April, indicating a challenging economic outlook given weak demand,' he told Bernama. Mohd Afzanizam noted that the USD/MYR remained in a narrow range between RM4.231 and RM4.2458 yesterday amid cautious sentiment among traders and investors, with a similar trend expected to continue today. In early trade, the ringgit traded higher against a basket of major currencies. It rose against the Japanese yen to 2.9242/9310 from Monday's 2.9344/2.9384, appreciated versus the British pound to 5.7300/7428 from 5.7392/7466 and gained vis-à-vis the euro to 4.8303/8412 from 4.8316/8379. The local currency traded mixed against most of its ASEAN peers. It improved versus the Singapore dollar to 3.2876/2952 from 3.2908/2953 but fell against the Thai baht to 12.9463/9846 from 12.9414/9642 on Monday. It traded almost flat vis-à-vis the Indonesian rupiah at 259.4/260.1 from 259.5/260.0 and was unchanged against the Philippine peso at 7.57/7.59. - Bernama