IJM Corp buoyed by strong showing across divisions


Shipping rebound: A view of the Kuantan Port at night. IJM says the port saw a resurgance in the cargo it handled, driven by China’s reopening from Covid restrictions.

PETALING JAYA: IJM Corp Bhd expects a positive outlook ahead for its core business segments, especially in light of encouraging order-book replenishment prospects for its construction and industry divisions.

Chairman Tan Sri Krishnan Tan said the group’s improving outlook is further supported by strong property sales that were recorded for its financial year ended March 31, 2023 (FY23), improving cargo throughput at its port operations, and complete recovery of tollway traffic to pre-pandemic levels.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
IJM Corp , Krishnan Tan , order book

Next In Business News

US yields rise to multi-month highs on Trump's tariff threats
OMS Group inks deal with Ulstein for two next-generation cable-laying vessels
Ringgit firmer vs greenback on rising US-EU tensions
FBM KLCI retreats to 1,700 support as profit-taking accelerates
Trading ideas: IJM, Perak Corp, Kuchai, Favelle Favco, Reservoir Link, OpenSys, Teladan, PJBumi, AirAsia X, M&A Equity, Alliance Bank
Cypark aims for stronger recurring income stream
Iran’s real oil risk is labour strikes, not bombs
Coconuts might be IOI Corp’s next cash crop
Genting Plantations earnings to face setback
Mixed outlook for Swift Haulage earnings potential

Others Also Read