Lower 2Q profit for I-Bhd due to MCO


I-Bhd chairman Tan Sri Lim Kim Hong said: “Continued investment in digital technology and digitisation as part of the group’s long-term strategies will also strengthen our project portfolio within i-City, Selangor’s Golden Triangle."

KUALA LUMPUR: I-Bhd posted lower net profit and revenue in the second quarter ended June 30,2020 due to the impact from the movement control order (MCO) and soft property market conditions.

It said on Friday its 2Q FY20 profit after tax was RM500,000 on a revenue of RM11.20mil as compared with profit after tax of RM11.5mil and revenue of RM42.2mil a year ago.

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I-Bhd , i-City , Lim Kim Hong , MCO

   

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