IJM expects better results in FY23

IJM said the group’s outstanding order book of RM4.6bil will support the performance of its construction division.

KUALA LUMPUR: IJM Corp Bhd expects to deliver a better performance for the current financial year ending March 31, 2023 (FY23).

The group’s outstanding order book of RM4.6bil will support the performance of its construction division.

In the third quarter ended March 31, IJM posted a lower net profit of RM74.8mil against RM98.4mil a year ago.

Revenue for the period was 13.2% lower at RM1.1bil from RM1.3bil a year prior while earnings per share fell to 2.13 sen versus 2.73 sen last year.

For the nine-month period, it posted a net profit of RM135.2mil on revenue of RM3.24bil.