MRCB-Quill REIT Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended December 31, 2015
For the year, the company reported gross revenue of MYR 115,174,498, net property income of MYR 90,271,639, total income of MYR 98,471,232, income before tax of MYR 60,698,000, net income of MYR 60,698,000 or 10.18 sen per share after manager's fee against gross revenue of MYR 70,249,414, net property income of MYR 53,325,178, total income of MYR 60,169,680, income before tax of MYR 40,283,022, net income of MYR 40,283,022 or 10.33 sen per share after manager's fee for the same quarter a year ago. Realized net income was MYR 54,020,625 or 9.06 sen per share against MYR 34,162,743 or 8.76 sen a year ago. Net cash flows generated from operating activities was MYR 86,990,292 against MYR 44,354,292 a year ago. Purchase of plant and equipment was MYR 233,000 compared to MYR 16,700 a year ago.