MALAYSIA: Al-Hadharah Boustead REIT ended its fourth quarter with a massive jump in net profit accumulating to RM238.9 million (US$77.9 million) compared to RM32.3 million (US$10.5 million) in 2010.
The plantation-based Islamic REIT said that the increase was mainly due to a large unrealized gain from the revaluation of investment properties.