KUALA LUMPUR: IJM Corp Bhd
’s net profit for the third quarter ended Dec 31, 2021, declined to RM98.44 million in contrast to RM146.34 million recorded in the identical interval final yr.
Revenue fell to RM1.27 billion from RM1.44 billion beforehand, the group stated in a submitting with Bursa Malaysia as we speak.
It stated the decrease income was contributed by weaker efficiency within the property improvement and development section and the ceased recognition within the plantation section after the completion of stake sale of IJM Plantations to KLK.
As enterprise actions proceed to recuperate, the group expects its operational efficiency to steadily enhance going ahead.
“With catalysts seen throughout many of the group’s enterprise divisions, coupled with a wholesome stability sheet (net gearing of 0.28 instances), the prospects of the group are encouraging,” it stated.
The group’s excellent development order ebook at the moment stands at RM4.2 billion, which incorporates three development contracts, secured within the quarter, price RM680 million: Phase 2 of The ERA @ Duta North blended improvement by JKG Land Bhd and Jendela Residences by Sime Darby Property Bhd, each in Kuala Lumpur, in addition to a manufacturing unit growth for Hotayi Electronic (M) Sdn Bhd in Penang.
IJM stated these three awards carry IJM Construction’s contracts gained to eight tasks price RM1.34 billion within the monetary yr. – Bernama
