PETALING JAYA: IGB Bhd
’s net profit fell 2.7% to RM66.45mil in the third quarter ended Sept 30,2019 (3Q19) from RM68.28mil a year ago on lower contribution from the property investment-commercial and hotel divisions.
In a filing with Bursa Malaysia, the company said the hotel division revenue fell 10% to RM70.6mil for the quarter compared to RM78.6mil a year ago, dragged down by lower average occupancy rates and lower average room rates by a majority of the hotels in the group.
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