Friday, 25 November 2011

IJM Corp registers lower Q2 pre-tax profit

IJM Corp Bhd's pre-tax profit for the second quarter ended Sept 30, 2011 fell to RM161 million from RM194 million in the same quarter 2010.

Revenue rose to RM1,097 million from RM785 million, the company said in a filing to Bursa Malaysia today.

In a separate filing, IJM Land Bhd said its pre-tax profit for the second quarter rose to RM57 million from RM41 million on a higher revenue of RM294 million from RM212 million.

The better results were mainly due to improved work progress from the group's on-going projects as well as the completion of the sale of some commercial land parcels in Seremban 2 in the immediate preceeding quarter, it said.

Meanwhile, IJM Plantations Bhd's pre-tax profit for the second quarter fell to RM62 million from RM64 million though revenue increased to RM180 million from RM133 million. -- Bernama



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