Chief executive officer Datuk Voon Tin Yow (pic) said despite the challenges faced by the property industry, the group’s financial results for Q1 FY22 was commendable.
PETALING JAYA: IOI Properties Group Bhd
‘s (IOIPG) net profit in the first quarter ended Sept 30, 2021 for the 2022 financial year (FY), grew 8% to RM208.5mil compared with RM192.6mil recorded in the preceding year corresponding quarter.
Revenue came in at RM431.8mil, while profit before taxation was RM260.7mil despite operating in a challenging business environment due to the Covid-19 pandemic.
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