I-Bhd profit for 2014 rises 21.5% to RM53.4mil

Lim: ‘Our long-term business plan is to have half of the group’s earnings coming from recurring revenue.’

PETALING JAYA: I-Bhd’s net profit for the fourth quarter ended Dec 31, 2014, was down to RM13.67mil from RM29.58mil a year earlier. Revenue was up 22.46% to RM68.16mil, while earnings per share dropped to 1.38 sen from 6.15 sen.

The reduced profit was mainly due to a lower fair value gain on investment properties of RM1.4mil compared with a fair value gain of RM13mil in the previous period.