KUALA LUMPUR, Feb 9 — Sunway Real Estate Investment Trust recorded a lower gross revenue of RM95.8 million for the second quarter ended December 31, 2020 as compared to RM155.8 million for the corresponding quarter in the preceding year .
Gross revenue for the retail segment for the quarter under review stood at RM56.8 million, from RM106.7 million in 2Q FY2020, attributable to the implementation of CMCO in October 2020 which had stalled the footfall and sales recovery in 2Q FP2021. Meanwhile, the office segment posted a 40.0 per cent jump in gross revenue to RM14.5 million on the back of new income contribution from acquisition of The Pinnacle Sunway, which was completed in November 2020 as well as stable office occupancy rate.
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