IGB Q4 earnings jump to RM86mil

TheStar Sat, Feb 10, 2018 07:55am - 6 years View Original


KUALA LUMPUR: IGB Corp Bhd posted earnings of RM86.72mil in its fourth quarter ended Dec 31, 2017, which was nearly double the earnings achieved in the previous corresponding quarter.

This came on the back of revenue growing 16% to RM329.35mil due to a turnover of RM61.9mil from the disposal of land by a subsidiary.

The latest quarterly result brings the group’s full year earnings to RM464.6mil, a 2% improvement over earnings in the previous financial year, despite total revenue slipping 5% to RM1.09bil.

No dividend was declared for the quarter under review, which brings total dividends paid out during the year to five sen per share.

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