IGB third-quarter earnings nearly doubled


Trading in IGB shares on the Main Market of Bursa Malaysia will continue to be suspended until completion of the scheme, and delisting of IGB Corp from the official list of Bursa Malaysia.

PETALING JAYA: IGB Bhd’s earnings almost doubled for the third quarter ended Sept 30, 2018 (3Q18) from a year ago, thanks to higher contributions from its property development and investments in both retail and commercial projects.

During the quarter in review, the property and hospitality group saw its net profit rising to RM68.3mil from RM35.8mil in the corresponding period last year, resulting in earnings per share (EPS) growing to 10.30 sen from 5.88 sen previously.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , IGB , property , construction , malls , profit , revenue ,

   

Next In Business News

Trading in Awanbiru shares to be suspended april 26
Ringgit continues to close higher against US dollar
RHB expands sustainable financial services target to RM50bil by 2026
Astaka awards Kimlun with RM150mil construction contract
Yinson GreenTech, Eastern Pacific Shipping team up for greener shipping industry
Affin launches cashless initiative for Lembaga Muzium Negeri Terengganu
DC Healthcare expands footprint in major cities of Malaysia
Pansar gets RM269mil water treatment plant contract
7-Eleven Malaysia declares 2.7 sen per share dividend for FY23
AWC gets Hospital Kapar plumbing job worth RM17.8mil

Others Also Read