The group plans to leverage its strong foundation and improve its operational capabilities to achieve a robust performance.<\/p>\n
PETALING JAYA: KLCC Property Holdings Bhd (KLCCP) has rolled out its three-pronged growth strategy to future-proof the group by ensuring its long-term business sustainability.<\/p>\n
KLCCP CEO Shah Mahmood said the group will leverage its strong foundation and continue to improve on its operational capabilities and asset portfolio to achieve a robust performance.<\/p>\n
\u201cWe have also strengthened our approach to (reduce) greenhouse gas emissions and established a net-zero carbon emission pathway in line with our aspiration to have low-carbon emission by 2050,\u201d he said in a statement today.<\/p>\n
The group expects the recovery momentum to continue across all its business segments while also being mindful of the macroeconomic and geopolitical uncertainties alongside the challenging property market.<\/p>\n
Its robust investment property portfolio will drive and position the group for further growth this year, KLCCP said.<\/p>\n
The group said it recovered successfully last year and is now heading towards normalisation.<\/p>\n
Its revenue rebounded 24.6% to RM1.5 billion while its profit before tax increased 80.1% to RM1 billion last year compared to 2021.<\/p>\n
The group declared a 38 sen distribution per stapled security, which translates to a 5.66% dividend yield, the highest recorded by the company since its listing.<\/p>\n