Business

IJM Q2 pre-tax profit increases to RM233.3m

November 28, 2012

KUALA LUMPUR, Nov 28 – IJM Corp Bhd’s pre-tax profit for the second quarter ended Sept 30, 2012 rose to RM233.28 million from RM161.44 million in the same quarter last year.

Revenue increased to RM1.14 billion from RM1.10 billion previously.

In a filing to Bursa Malaysia, IJM said the better results were due to the significant growth in the construction and infrastructure divisions.

It said the fluctuation in foreign exchange rates also resulted in unrealised gain of RM22.8 million in the current quarter compared to an unrealised loss of RM29 million in the corresponding quarter of 2011.

Barring unforeseen circumstances, IJM said, it expected to achieve a satisfactory performance for the current financial year. – Bernama

Biz Updates from PR Newswire

More