KLCC Property Holdings Bhd's pre-tax profit for the nine months ended Dec 31, 2010 increased to RM773.026 million from RM391.5 million in same period in 2009.

In a filing to Bursa Malaysia, it said this was mainly due, among others, higher interest income and lower finance cost borne during the period.

Its revenue rose to RM697.5 million from RM655.7 million previously, contributed by better rentals achieved by the retail mall in addition to the improved revenue from hotel operations.


For the third quarter ended Dec 31, 2010, its pre-tax profit increased to RM147.466 million from RM129.954 million in same period in 2009.

Its revenue rose to RM237.437 million from RM223.660 million previously.

On the prospect, KLCC Property said its earnings were underpinned by long-term office tenancies and a strong and sustainable retail sector.

'The management has also introduced several measures to increase productivity, the benefits of which are reflected in the better results,' it said. -- Bernama