PROLINTAS INFRA BUSINESS TRUST DECLARES ITS FIRST INTERIM DISTRIBUTION OF RM35.0 MILLION SINCE LISTING

Prolintas Infra Business Trust (“Prolintas Infra BT” or the “Trust”) registered revenue of RM79.3 million in the second quarter ended 30 June 2024 (“2Q24”), marking an increase of 3.7% from the RM76.5 million in the preceding quarter (“1Q24”).

This growth was primarily driven by an increase in traffic volume, with toll collection continuing to be the key revenue driver. The Trust recorded total toll collection of RM77.2 million, with additional non-toll revenue streams contributing RM0.4 million.

The Trust’s highway assets performed steadily in 2Q24, with Sistem Lingkaran-Lebuhraya Kajang (“SILK”) contributing the most or 45% of the total toll collection (RM34.7 million), followed by Guthrie Corridor Expressway (“GCE”) at 30% (RM22.8 million). The consistent performance of these two longest highways, which cover a wide range of residential areas with four and three toll plazas respectively, has resulted in collection increases of 2.6% and 3.8% as compared to 1Q24.

Lebuhraya Kemuning–Shah Alam (“LKSA”) contributed 14% (RM10.8 million), whereas the Ampang–Kuala Lumpur Elevated Highway (“AKLEH”) accounted for 11% (RM8.9 million). Prolintas Infra BT reported a profit from operations of RM46.5 million in 2Q24, 12% higher compared with the preceding quarter.

For the six-month period from 1 January 2024 to 30 June 2024 (“1H 2024”), revenue turned out strong at RM153.4 million, achieving 99% of the Trust’s forecast of RM154 million. Net profit totalled RM6.1 million, against the RM4.1 million projected for 1H 2024.

Prolintas Infra BT is pleased to declare its first interim distribution for 1H 2024. The Trust will distribute 3.18 sen per unit, amounting to RM35.0 million, to its unitholders. This distribution will be payable on 18 September 2024 to those registered in the Record of Depositors as of 3 September 2024. “We are pleased to announce our first milestone interim distribution for FY2024.

Our strong financial performance is a testament to the stability and resilience of our highway concession business, and we are dedicated to maintaining this momentum for the benefit of our unitholders.” The management is satisfied that the strong momentum seen in the first half of 2024 will continue into the second half of the year. 

“We remain on track to achieve our FY2024 target of RM70 million in total distribution. This achievement exemplifies our strong financial management and focus on creating long-term value. We remain confident in our ability to deliver consistent growth and are optimistic about our future performance.”

Prolintas Infra BT is Malaysia’s first listed Islamic business trust on Bursa Malaysia which comprises of four highways assets namely, AKLEH, GCE, LKSA, and SILK. Prolintas Infra BT is set to offer unitholders a unique proposition of sustainable distributions underpinned by the long-term stability of its strategically located highways in high-traffic and densely populated areas in the Klang Valley.

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