KUALA LUMPUR (July 18): I-Bhd shares rose 2.50% in early trade this morning after its net profit for the second quarter ended June 30, 2017 rose 33% to RM19.63 million or 1.85 sen per share from RM14.68 million or 1.38 sen per share a year earlier, driven mainly by the property development segment.

At 9.15am, I-Bhd was up 1.5 sen to 61.5 sen with 564,100 shares traded.

Revenue for the quarter rose 47% year-on-year to RM127.82 million from RM86.68 million, according to its Bursa Malaysia filing.— theedgemarkets.com

For more stories, download TheEdgeProperty.com pullout here for free.

  1. SkyWorld Development gets SC approval to list on main market of Bursa Malaysia
  2. Trading of Ageson securities to be suspended from May 10 until further notice
  3. Bursa grants six-month time extension to IWCity to submit regularisation plan