IJM Corp posts stronger 3Q results, net profit at RM144m


Spanning 13ha and accounting for 22% of the entire The Light Waterfront Penang masterplan, IJM Land’s The Light City features a combination of inter-connected components namely the Penang Waterfront Convention Centre, The Waterfront Shoppes, hotel and office tower, commercial tower, and luxurious highrise residences.

KUALA LUMPUR: IJM Corporation Bhd posted a strong set of financial results for the third quarter ended Dec 31,2020 (3Q FY2021) as its net profit jumped 190.4% to RM144.49mil from RM49.76mil a year ago.

Announcing its results on Thursday, it said group revenue rose by 18.9% to RM1.71bil from RM1.44bil a year ago. Its profit before tax (PBT) increased by 70.3% to RM278.5mil compared with RM163.6mil in 3Q FY2020.

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