IJM Land 3Q earnings rise to RM133.9m

KUALA LUMPUR: IJM Land Bhd’s pre-tax profit for the third quarter ended Sept 30, 2013, rose to RM133.9 million, from RM87.2 million in the previous corresponding period.

Revenue increased to RM468.9 million from RM358 million.

IJM Land, a 64%-owned property arm of IJM Corp Bhd, said the better results were due to strong property development sales achieved and higher work progress from its on-going projects. — Bernama

This article first appeared in The Edge Financial Daily, on February 28, 2014.

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