KLCCP Stapled Q2 earnings rise 2pct to RM204mil as rental rates improve
KUALA LUMPUR: KLCCP Stapled Group’s net profit rose 1.98 per cent to RM204.42 million in the second quarter ended June 30, 2026, from RM200.45 million a year earlier.
KLCCP Stapled Group reported a 1.98% increase in net profit to RM204.42 million in Q2 2026, up from RM200.45 million the previous year. This growth was driven by higher rental rates at Menara ExxonMobil and steady performance across its retail and management services segments. Revenue also rose 1.3% to RM415.72 million, with the office segment benefiting from triple net lease arrangements and long-term leases.
The retail segment saw revenue of RM143.7 million, supported by strong rental rates at Menara 3. However, the hotel operations segment faced challenges due to room renovations at Mandarin Oriental Kuala Lumpur, resulting in a loss of RM2.2 million. For the half-year period, net profit increased 1.66% to RM408.63 million, while revenue grew 1.26% to RM827.51 million.
Despite ongoing geopolitical tensions and potential volatility in energy prices, KLCCP Stapled Group anticipates resilience in the operating environment, backed by domestic demand, tourism, and event-related activities.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
