I-Bhd pre-tax profit at RM4mil in Q4


“i-City GT’s push toward being 5G-ready will ensure that it becomes the nucleus of telecommunications organisations, financial institutions and high-technology firms, as well as startup companies, ” said I-Bhd chairman and founder Tan Sri Lim Kim Hong.(file pic)

SHAH ALAM: Property developer I-Bhd posted an increase of 172.11% in pre-tax profit to RM4mil in the fourth quarter ended Dec 31,2020, from RM1.47mil in the same quarter of the previous year.

For the full financial year 2020, the group posted a profit after tax of RM3.28mil, while revenue was at RM84.62mil.

In a statement, the group said its property development segment remained the largest revenue contributor, affirming its commitment towards nurturing its master-planned ultrapolis, i-City Golden Triangle (i-City GT), to be on par with leading cities around the world.

Future growth will be underpinned by the remaining 60% gross floor area of projects yet to be developed in i-City GT.

“By ensuring that the technology-related infrastructure of i-City GT is future-proof with the 400GB high availability network, connectivity in i-City GT is an added advantage with the impending deployment of 5G.

“i-City GT’s push toward being 5G-ready will ensure that it becomes the nucleus of telecommunications organisations, financial institutions and high-technology firms, as well as startup companies, ” said I-Bhd chairman and founder Tan Sri Lim Kim Hong.

Lim said that at i-City GT, the expansion of a data centre park to a dedicated Data Centre Zone is already in the pipeline.

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i-City , i-Bhd , profit , Lim Kim Hong , 5-G ,

   

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