PETALING JAYA: I-Bhd
’s net profit for its fourth quarter ended Dec 31, 2013 surged over 200% to RM29.58mil from RM9.08mil in the previous corresponding period, mainly due to higher profit from ongoing projects in its property development division, as well as fair value gains of RM13mil arising from the revaluation of investment properties held by the group.
Revenue increased to RM55.66mil from RM30.74mil previously.
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