In Depth

IJM’s 1HFY16 results within expectations

IJM reported net profit of RM174.8 million for its second quarter FY16. The quarterly earnings tumbled 52.8% quarter-on-quarter (q-o-q), but jumped 13.1% year-on-year (y-o-y) as there was an one-off gain derived from the disposal of 74% equity interest in Jaipur Mahua Tollway Pvt Ltd totalling RM168.7 million.

PROPERTY SNAPSHOT 2: What’s affordable in Puchong South?

Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the average transacted price was RM170 per square foot (psf) in 3Q2014, while the average transacted price per unit was RM127,000.