I-Bhd posts RM286,000 in net profits for 2Q

KUALA LUMPUR: Property developer I-Bhd has posted a net profit of RM286,000 for the second quarter (2Q) ended June 30, 2010, from a loss of RM1.62 million a year ago, it announced on Bursa Malaysia on Monday, Aug 30.

Revenue also surged to RM2.89 million from RM173,000 a year ago.

The company said that the improved performance was mainly due to the sale of completed units as well as higher leasing revenue.

 Basic earnings per share stood at 0.27 sen, up from losses per share of 1.53 sen a year ago.
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