I-Bhd reports big jump in Q2 profit


Grand i-Residence @ Kia Peng

PETALING JAYA: I-Bhd, the master developer of the 29.1-ha i-City, reported a 185% jump in net profit for the second quarter ended June 30, 2014, thanks mainly to property development.

It turned in a net profit of RM19.41mil against RM6.79mil in the same quarter last year. Revenue for the quarter more than doubled to RM70.65mil from RM33.80mil in the corresponding period last year.

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