IJM Land Q3 pre-tax profit increases to RM133.9 mln
Business & Markets 2014
Written by Bernama
Thursday, 27 February 2014 20:13
KUALA LUMPUR (Feb 27): IJM Land Bhd's pre-tax profit for the third quarter ended Sept 30, 2013, rose to RM133.9 million, from RM87.2 million in the same period, in 2012.
Revenue increased to RM468.9 million, from RM358 million, it said in a filing to Bursa Malaysia today.
IJM Land, a 64 per cent-owned property arm of IJM Corp Bhd, said the better results were due to strong property development sales achieved and higher work progress from its on-going projects.
In a statement today, Chief Executive Officer/Managing Director, Datuk Soam Heng Choon, said the projects were The Light Waterfront development in Penang, Shah Alam 2 township in Selangor, Seremban 2 township in Seremban, and Nusa Duta development in Johor Bahru.
“Responses to our property launches in the quarter, were buoyant, as seen from recent buyer demand at Bandar Rimbayu green township, phase 2 of Seri Riana condominium in Kuala Lumpur, the Kalista apartment in Seremban 2, and the Royal Mint Gardens in London, United Kingdom,” he said.