KUALA LUMPUR: IJM Corp Bhd
’s net profit for the third quarter ended Dec 31, 2021, declined to RM98.44 million compared to RM146.34 million recorded in the same period last year.
Revenue fell to RM1.27 billion from RM1.44 billion previously, the group said in a filing with Bursa Malaysia today.
It said the lower revenue was contributed by weaker performance in the property development and construction segment and the ceased recognition in the plantation segment after the completion of stake sale of IJM Plantations to KLK.
As business activities continue to recover, the group expects its operational performance to gradually improve going forward.
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