MALAYSIA: Al-Hadharah Boustead REIT, a local plantation-based Islamic real estate investment trust, has reported a net profit of RM20.97 million (US$6.83 million) for the first quarter of 2012, 4.4% higher than in the previous corresponding period.
During the period its revenue grew 9.2% to RM24.2 million (US$7.88 million), driven by higher fixed rental income.