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Hektar Up

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As of the second quarter ended 30 June 2010, the future of Hektar Asset Management Sdn Bhd (Hektar) sturdily sets itself on optimistic shoulders as Hektar Real Estate Investment Trust (Hektar REIT) verified a 3.2% (net income RM9.1 million or 2.85 sen per unit) increase and as the Dividend per unit (DPU) rose 4.2% (or 2.50 sen) over the preceding year. Quarterly revenue stands at RM22.2 million, up 1.6% from last year. Newly-appointed CEO of Frasers Centrepoint Asset Management Ltd Dr Chew Tuan Chiong was introduced to the Board during the quarter.