IJM Corp quarterly net profit surges more than 13 times

PETALING JAYA: Conglomerate IJM Corp Bhd’s net profit jumped by over 13 times in the fourth quarter ended March 31, marking a sharp improvement from the previous nine months of lower earnings.

The turnaround of its infrastructure and plantation business segments on a year-on-year (y-o-y) basis as well as higher profits from its construction, property development and manufacturing and quarrying segments widened the group’s bottom line to RM240.81mil in the January to March 2019 period.