Higher Q3 earnings for IJM Corp and IJM Plantations

IJM said its financial performance is expected to be satisfactory, moving forward, despite the constantly changing business environment.

PETALING JAYA: IJM Corp Bhd’s net profit for the third quarter ended Dec 31,2020 almost tripled to RM144.5mil, thanks to higher crude palm oil (CPO) prices and improved sales from its property development segment.

Revenue for the quarter surged 18.8% to RM1.71bil from RM1.44bil a year earlier.