Tower Real Estate Investment Trust Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Provides Earnings Guidance for the Fiscal 2013
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.