IOI Properties Group to remain resilient

Chief executive officer Datuk Voon Tin Yow (pic) said despite the challenges faced by the property industry, the group’s financial results for Q1 FY22 was commendable.

PETALING JAYA: IOI Properties Group Bhd‘s (IOIPG) net profit in the first quarter ended Sept 30, 2021 for the 2022 financial year (FY), grew 8% to RM208.5mil compared with RM192.6mil recorded in the preceding year corresponding quarter.

Revenue came in at RM431.8mil, while profit before taxation was RM260.7mil despite operating in a challenging business environment due to the Covid-19 pandemic.