IJM expects the Malaysian property market to remain challenging, as weak consumer sentiment persists due to uncertain market sentiments, continued stringent mortgage approvals and incoming supply of new launches and competing completed properties.
PETALING JAYA: IJM Corp Bhd
‘s earnings fell 32.3% to RM110.86mil in the second quarter ended Sept 30 due to lower contributions from its manufacturing and plantation sectors.
The company said its earnings fell from RM163.89mil a year ago also due to the non-recurrence of a one-off gain of RM27.9mil from an associate a year ago, and also due to a net unrealised foreign-exchange (forex) loss of RM400,000 compared with a gain of RM16.70mil a year ago.
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