Chinese demand: IOI Properties expects contribution from overseas - led by projects in China - to rebound in the coming quarters.
PETALING JAYA: IOI Properties Group Bhd
is cautiously optimistic about its current year prospects after earnings in the last quarter ended June 30 fell by more than a fifth on lower sales.
It expects contribution from overseas – led by projects in China – to rebound in the coming quarters. Net profit at IOI Properties during the three months under review declined 21% to RM265mil on turnover of RM674mil.
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