IJM net profit up 40% to RM156mil

Challenging times: IJM says the property sector is expected to remain challenging due to the weak consumer sentiment.

PETALING JAYA: IJM Corp Bhd’s net profit for its second quarter ended Sept 30, rose 40% to RM156.38mil from RM111.49mil in the previous corresponding period, while revenue during the quarter increased to RM1.34bil from RM1.29bil a year earlier.

In a filing with Bursa Malaysia, the company said the improved earnings was mainly due to higher revenues contributed by the group’s construction, industry and infrastructure divisions.