PETALING JAYA: IOI Properties Group Bhd’s net profit for its third quarter ended March 31,2021, rose two-fold to RM178.75mil from RM82.36mil in the previous corresponding period, driven by better performance of the company’s property development segment.
Revenue in the third quarter increased to RM578.95mil from RM401.43mil a year earlier, it said in a filing with Bursa Malaysia yesterday.
IOI Properties said its property development segment recorded revenue and operating profit of RM485.2mil and RM182.3mil respectively during the quarter under review.