KUALA LUMPUR, May 13 — KLCCP Stapled Group delivered its strongest performance to date for the financial year ended 31 December 2024, achieving a record revenue of RM1.7 billion and a Profit Before Tax (PBT) of RM1.2 billion. The Group, during its annual general meetings at the Mandarin Oriental, also declared its highest-ever dividend payout of 44.50 sen per stapled security, a 9.9% increase from the previous year.
Growth was driven by solid performance across all segments, including Suria KLCC’s 99% occupancy, Mandarin Oriental’s 21% RevPAR increase, and a full occupancy rate in office properties. Looking ahead to 2025, KLCCP aims to build on this momentum through asset rejuvenation and enhanced placemaking efforts.
The Group is also advancing its sustainability goals under the KLCCP Stapled Group Sustainability Plan 2030, having already achieved an 11% reduction in carbon emissions. CEO Datuk Sr Mohd. Salem Kailany stated that the Group’s continued strategic positioning will ensure its assets remain global benchmarks of excellence and innovation.
