{"id":507,"date":"2025-02-07T00:04:41","date_gmt":"2025-02-06T16:04:41","guid":{"rendered":"https:\/\/harizfatah.com\/work\/klccgroupintranet\/?post_type=media-clipping&#038;p=507"},"modified":"2026-01-08T00:05:08","modified_gmt":"2026-01-07T16:05:08","slug":"klccp-stapled-group-posts-12-increase-in-4q-profit-announces-record-dividend-for-fy2024","status":"publish","type":"media-clipping","link":"https:\/\/harizfatah.com\/work\/klccgroupintranet\/media-clipping\/klccp-stapled-group-posts-12-increase-in-4q-profit-announces-record-dividend-for-fy2024\/","title":{"rendered":"KLCCP Stapled Group posts 12% increase in 4Q profit, announces record dividend for FY2024"},"content":{"rendered":"<p class=\"gmail-MsoNoSpacing\"><span class=\"ms-rteThemeFontFace-1 ms-rteFontSize-2\">KLCCP\u00a0Stapled Group posted a 12% increase in net profit for the fourth quarter of FY2024, reaching RM430.91 million, up from RM384.59 million in the same period last year.<\/span><\/p>\n<p class=\"gmail-MsoNoSpacing\"><span class=\"ms-rteThemeFontFace-1 ms-rteFontSize-2\">The growth was driven by the full ownership of Suria KLCC Mall and higher fair value gains.<\/span><\/p>\n<p class=\"gmail-MsoNoSpacing\"><span class=\"ms-rteThemeFontFace-1 ms-rteFontSize-2\">Revenue for the quarter\u00a0<span lang=\"EN-GB\">ended Dec 31, 2024 (4Q24)<\/span>rose by 3.72% to RM459.1 million, boosted by higher rental rates and a rise in occupancy to 99%.<br \/>\n<\/span><\/p>\n<p class=\"gmail-MsoNoSpacing\"><span class=\"ms-rteThemeFontFace-1 ms-rteFontSize-2\">The group declared a fourth interim dividend of 17.1 sen per stapled security, bringing its total dividend payout for FY2024 to a record high of 44.5 sen, marking a 9.9% increase from 40.5 sen in FY2023.<\/span><\/p>\n<p class=\"gmail-MsoNoSpacing\"><span class=\"ms-rteThemeFontFace-1 ms-rteFontSize-2\">For the full year, net profit for FY2024 was up 9.15% to RM1.02 billion, while revenue increased 5.66% to RM1.71 billion.<\/span><\/p>\n<p class=\"gmail-MsoNoSpacing\"><span class=\"ms-rteThemeFontFace-1 ms-rteFontSize-2\">The group\u2019s strong performance led to the highest dividend payout since its listing in 2013.<\/span><\/p>\n<p class=\"gmail-MsoNoSpacing\"><span class=\"ms-rteThemeFontFace-1 ms-rteFontSize-2\">Looking ahead, KLCCP remains optimistic about Malaysia\u2019s economic growth in 2025 and plans to focus on asset enhancements and elevating customer experience within the KLCC Precinct. \u2014\u00a0TMR<\/span><\/p>\n<p class=\"gmail-MsoNoSpacing\"><span class=\"ms-rteThemeFontFace-1 ms-rteFontSize-2\">Source:\u00a0<\/span><a href=\"https:\/\/themalaysianreserve.com\/2025\/02\/05\/klccp-stapled-group-posts-12-increase-in-4q-profit-announces-record-dividend-for-fy2024\/\"><span class=\"ms-rteThemeFontFace-1 ms-rteFontSize-2\">KLCCP Stapled Group posts 12% increase in 4Q profit, announces record dividend for FY2024<\/span><\/a><\/p>\n","protected":false},"featured_media":508,"template":"","meta":{"_acf_changed":false},"class_list":["post-507","media-clipping","type-media-clipping","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/harizfatah.com\/work\/klccgroupintranet\/wp-json\/wp\/v2\/media-clipping\/507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/harizfatah.com\/work\/klccgroupintranet\/wp-json\/wp\/v2\/media-clipping"}],"about":[{"href":"https:\/\/harizfatah.com\/work\/klccgroupintranet\/wp-json\/wp\/v2\/types\/media-clipping"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harizfatah.com\/work\/klccgroupintranet\/wp-json\/wp\/v2\/media\/508"}],"wp:attachment":[{"href":"https:\/\/harizfatah.com\/work\/klccgroupintranet\/wp-json\/wp\/v2\/media?parent=507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}