Executive chairman Tan Sri Lim Kim Hong(file pic) said 2Q19’s performance was affected by the lack of property launches. However, the group was upbeat on the potential of its investment properties, which are the central i-City mall, its 9,000 car parks as well as the upcoming corporate office tower.
PETALING JAYA: I-Bhd
has posted a net profit of RM10.82mil on the back of RM42.21mil in revenue in the second quarter ended June (2Q19) due to the lack of property launches, but remains upbeat on its investment properties.
It said in a statement that the 2Q19 financial performance was in contrast to a year ago when net profit was higher at RM22.31mil on revenue of RM107.16mil. I-Bhd’s earnings per share in the quarter was lower at 1.02 sen compared with 2.10 sen a year ago. As for its first half, net profit declined to RM17.26mil compared with RM46.79mil in the previous corresponding period. Revenue declined to RM83.27mil from RM266.51mil.
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