KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP) has rolled out its three-pronged growth strategy to future-proof the group to ensure long-term business sustainability.

KLCCP chief executive officer Datuk Md Shah Mahmood said the group will leverage its strong foundation and continue to improve on the operational capabilities and asset portfolio to achieve a robust performance.

“We have also strengthened our approach to greenhouse gas emissions and established our net zero carbon emission pathway towards our aspiration of low carbon emission by 2050,” he said in a statement today.

The group expects the recovery momentum to continue across all its business segments while being mindful of the macroeconomic, geopolitical uncertainties and the challenging property market.

Its robust investment property portfolio will drive and position the group for further growth in 2023, KLCCP said.

KLCCP said the group recovered succesfully in 2022 and is heading towards normalisation. There was a sharp 24.6 per cent rebound in revenue to RM1.5 billion from RM1.2 billion with a profit before tax of RM1.0 billion, an 80.1 per cent rise compared to 2021.

The group declared a 38 sen distribution per stapled security, which translates to a 5.66 per cent dividend yield, the highest recorded since its listing. – Bernama

Source: KLCCP rolls out three-pronged growth strategy for business sustainability | The Star