In a filing with Bursa Malaysia yesterday, IJM said lower profits by the construction division was attributable to the decrease in overall construction margin and increased finance cost.
PETALING JAYA: IJM Corp Bhd
posted a 47% year-on-year decline in net profit to RM49.77mil for the third quarter of the financial year ending March 31,2020 (FY20).
This was on the back of lower profits recorded by the group’s construction, property development, manufacturing and quarrying, as well as infrastructure divisions.
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