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IGB achieves net profit of RM53m in 4Q

KUALA LUMPUR: IGB Corporation Bhd achieved an increase in net profit by 70.5% to RM53.09 million compared to RM31.13 million a year ago, the group revealed in its 4Q2010 financial statements released on Monday, Feb 14.

The group's revenue increased by 29.2% to RM214.9 million from RM166.3 million the previous year.

The group attributed the figures to due to higher contributions from all operating divisions.

The basic earning per share rose to 3.65 sen from 2.12 sen a year ago. The net asset per share at the end of the quarter under review was RM2.0840 compared to the preceding financial year end figure of RM1.9167.

IGB Corp, an investment holding company, and engages in property development, property investment and management, hotel, and construction businesses primarily in Malaysia, the Asia Pacific, and the United Kingdom.

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