KUALA LUMPUR (Nov 3): KLCCP Stapled Group has declared higher income distribution for the third quarter ended Sept 30, 2016 (3QFY16) on the back of higher earnings. The income distribution of RM155.26 million or 8.6 sen per unit is an increase of 5.5% from the RM147.13 million or 8.15 sen per unit announced for 3QFY15. The stapled group comprises KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT). The income distribution for 3QFY16 is made up of an interim dividend of 2.94 sen per unit totalling RM53.08 million by KLCCP, and an income distribution of 5.66 sen per unit totalling RM102.18 million by KLCC REIT, both payable on Dec 14. KLCCP Stapled Group shares rose four sen or 0.52% to close at RM7.80 today, for a market value of RM14.1 billion.

Source: The Edge Markets November 03, 2016 11:38 UTC