Tower Real Estate Investment Trust announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported gross revenue was MYR 13,936,309 against MYR 13,528,014 a year ago. The improvement in revenue recognized was mainly attributed to the increase in the average occupancy rates of HP Towers and Menara HLA. Total income was MYR 11,101,371 against MYR 10,790,961 a year ago. Income before tax was MYR 44,927,847 against MYR 8,388,768 a year ago. Profit attributable to ordinary equity shares was MYR 44,927,847 against MYR 8,388,768 a year ago. Basic earnings per share were 16.02 sen against 2.99 sen a year ago.

For the full year, the company reported gross revenue was MYR 54,484,955 against MYR 51,956,186 a year ago. Total income was MYR 43,728,854 against MYR 41,398,243 a year ago. Income before tax was MYR 71,387,263 against MYR 30,874,934 a year ago. Profit attributable to ordinary equity shares was MYR 71,387,263 against MYR 30,874,934 a year ago. Basic earnings per share were 25.45 sen against 11.01 sen a year ago. Net cash generated from operating activities was MYR 40,072,192 against MYR 39,876,686 a year ago.

Barring unforeseen circumstances, the company expects to sustain its performance in 2013.