Ireka poised to turn around, plans 8 projects with GDV of RM2.2bil

KUALA LUMPUR: With eight projects under way and an order-book of RM1.1bil, Ireka Corp Bhd expects to return to the black in two years.

Executive director Lai Voon Hon said that Ireka reported a pre-tax loss of RM38.4mil for financial year ended March 31, 2013, largely due to a RM19.7mil share of loss in 23%-owned Aseana Properties Ltd and losses incurred by the construction segment.