24/11/2012 (The Star) - Al-Hadharah Boustead REIT posted a 11.3% year-on-year drop in net profit to RM20.3mil for its third quarter ended Sept 30.

Revenue also dropped 9.2% year-on-year to RM24.8mil for the quarter under review.

In a statement, Al-Hadharah Boustead REIT chairman Tan Sri Lodin Wok Kamaruddin said: “Although crude palm oil (CPO) prices have taken a beating particularly in recent times, our fixed rental income has remained steady. Moving forward, we expect the performance based profit sharing contribution to dip as a result of bearish CPO prices.”