I-Bhd gains 2.50% on firmer 2Q earnings

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

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