IJM earnings on the road to recovery

“IJM’s earnings should recover gradually this year with higher construction activities due to the absence of lockdowns,”UOB Kayhian Research said.

KUALA LUMPUR: IJM Corp Bhd’s earnings are expected to recover gradually this year supported by the full resumption of its businesses and more new job wins from the rollout of infrastructure projects.

IJM Corp posted a better performance in the fourth quarter ended March 31, 2022 (4Q22), due to improved earnings contributions across all divisions supported by the economic reopening.