IJM optimistic about ending FY24 on a high


IJM's net profit for the third quarter grew 34.2% year-on-year to RM100.4mil.

PETALING JAYA: IJM Corp Bhd is generally bullish about its prospects for its financial year ending March 2024 (FY24), buoyed by the promising outlook for both its property and industry divisions.

The group credited Bank Negara’s pause in overnight policy rate hikes, improving consumer sentiment and its unbilled sales of about RM2.5bil for its expectation of its property segment to deliver a strong performance in FY24.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Economy weathers tariffs to hit 5% growth
Major Vietnam real estate firms delay bond interest payments
Japan bonds slump as food tax cut talk adds to election risk
ACE Market-bound GHS posts 1Q net profit of RM1.5mil
AAX redesignates Benyamin Ismail as GM, appoints Bo Lingam as group CEO
Favelle Favco secures RM76.3mil crane orders
IJM confirms MACC, IRB presence at office
CAB Cakaran buys industrial building in Pahang for RM2.8mil
Ringgit firms against greenback on economic resilience
PJBumi forms JV with Chinese firm for oilfield equipment production

Others Also Read