KUALA LUMPUR, May 28 (Bernama) — IOI Properties Group Berhad (IOIPG) recorded a strong financial performance for its third quarter ended 31 March 2021 with a net profit of RM178.9 million, which more than doubled from RM83.6 million in the preceding year corresponding quarter.
Its revenue and operating profit showed significant improvement, mainly attributed to higher contribution from the property development segment. IOIPG’s operating profit soared 72% to RM208.1 million with revenue expanding 44% to RM579.0 million.
