IJM posts higher net profit at RM793.6mil

Soam was appointed managing director of the construction giant last month.

PETALING JAYA: IJM Corp Bhd saw a 65% increase in net profit to RM793.6mil for the financial-year ended March 31, although revenue fell 5.9% to RM5.13bil for the period.

The infrastructure-property company said the higher earnings were mainly due to one-off gains from the disposal of equity interests in subsidiaries, and fair value gains on remeasurements of its equity interests in Jaipur-Mahua Tollway Pte Ltd and Swarna Tollway Pte Ltd totalling RM301.9mil in the current year.