Business
Lippo Malls Indonesia Retail Trust: Revenue and profitability improved, but distributions remain suspended amid ongoing recapitalisation
Lippo Malls Indonesia Retail Trust: Revenue and profitability improved, but distributions remain suspended amid ongoing recapitalisation
About this update from Landmark Reit
Gross revenue and net property income grew modestly year-over-year, with improved earnings per unit and a return to profitability. No distributions were declared as cash conservation continues, and a major rights issue was approved to strengthen the balance sheet.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.