IJM Corp’s continuing operations turn positive in 2Q
IJM Corp said it expects a satisfactory performance for the current financial year, supported by the recovery in the Malaysian business landscape despite global headwinds.
IJM Corp said it expects a satisfactory performance for the current financial year, supported by the recovery in the Malaysian business landscape despite global headwinds.
"The increase in the gross profit margin was due to the downsizing and disposal of loss-making companies, project management fees generated from property development division, higher volumes of wall panels and AAC (autoclaved aerate concrete) blocks sold to the projects in Singapore .
On prospects, both GenM and Genting remain cautiously optimistic about the near-term outlook of the leisure and hospitality industry and remain positive in the longer term.
London recorded “a whopping 68,531 pins, twice as many as the next most pinned city”, making UK’s capital No 1 with the most beautiful homes in Europe.
Better earnings for the quarter were attributed to lower expected credit losses on loans, financing and advances as well as other impairments, which were down by 59% from RM249 million in 3QFY2021 to RM103.
BLand's improved revenue was also driven by increase in overall occupancy rates by the hotels and resorts business segment, increase in property progress billings by property and investment business segment from its project at The Tropika in Bukit Jalil as well as higher new car sales reported by HR Owen.
This was due to normalization of rental after the end of the rental deferral program on June 30, 2022.
At the operating level, Tropicana recorded profits of RM61.
KLK's net profit dropped 26% year-on-year to RM462.
The tourism-related property developer saw earnings per share of 0.