IJM Corp’s Q2 net profit rises more than 40%

IJM Corp chief executive officer and managing director Liew Hau Seng said the group’s businesses were able to smoothly resume operations following Malaysia’s relaxation of its lockdown criteria as it entered into the recovery movement control order phase on June 10

PETALING JAYA: IJM Corp Bhd’s net profit for its second quarter ended Sept 30,2020 rose more than 40% to RM99.52mil compared with RM70.10mil a year ago, as earnings from plantations and infrastructure offset the decline in property development and manufacturing and quarrying divisions.

Revenue stood at RM1.43bil compared with RM1.57bil in the previous corresponding period, IJM Corp said in a filing with Bursa Malaysia yesterday.