IOI Properties net profit rises to RM660.20mil in FY21

IOI Properties chief executive officer Datuk Voon Tin Yow said the group has achieved sales of RM2.3 billion, surpassing its sales target of RM2 billion for FY21.

KUALA LUMPUR: IOI Properties Group Bhd recorded a net profit of RM660.20 million for the financial year ended June 30, 2021 (FY2021), from RM504.69 million in the previous year.

Revenue increased 18 per cent to RM2.48 billion from RM2.11 billion previously, mainly due to better sales performance from Malaysian operations, driven by dynamic sales and marketing campaigns.