Latest news with #RM5.45mil
The Star
2 days ago
- Business
- The Star
I-Bhd's 2Q net profit jumps to RM11.45mil
I-Bhd executive chairman Tan Sri Lim Kim Hong. KUALA LUMPUR: Property company I-Bhd 's net profit more than doubled to RM11.45mil for the second quarter of this year, from RM5.45mil in the year-ago quarter, on solid contributions across its core business segments. 'This quarter's results reflect the group's continued discipline in building a resilient, recurring income base while executing on our longer-term roadmap to elevate i-City as Malaysia's leading smart lifestyle destination. 'Each segment is delivering as intended – whether through stability, growth, or innovation – and this balanced approach gives us the agility to navigate evolving market dynamics,' said executive chairman Tan Sri Lim Kim Hong in a statement.
The Star
3 days ago
- Business
- The Star
I-Bhd posts 2Q net profit jump to RM11.45mil
I-Bhd executive chairman Tan Sri Lim Kim Hong KUALA LUMPUR: I-Bhd 's net profit more than doubled to RM11.45mil in the second quarter ended June 30, 2025, from RM5.45mil in the year-ago quarter, on higher contributions across its core business segments. "This quarter's results reflect the group's continued discipline in building a resilient, recurring income base while executing on our longer-term roadmap to elevate i-City as Malaysia's leading smart lifestyle destination. "Each segment is delivering as intended—whether through stability, growth, or innovation—and this balanced approach gives us the agility to navigate evolving market dynamics," said executive chairman Tan Sri Lim Kim Hong in a statement. During the quarter under review, the property developer posted revenue of RM62.3mil, up from RM55.53mil in the year-ago quarter. Earnings per share rose to 0.62 sen from 0.29 sen in the comparative quarter. Over the six-month period, net profit leapt to RM21.41mil from RM9.52mil in 1HFY24, while revenue climbed to RM124.35mil from RM96.16mil in the comparative period. According to I-Bhd, the leisure and hospitality segment remained the largest revenue generator for the second consecutive quarter, contributing RM28.6mil in revenue and RM4.77mil in pre-tax profit, representing a 61% increase from the preceding quarter. The property development segment delivered RM26.64mil in revenue and RM5.66mil in pre-tax profit, driven by steady sales and construction progress at BeCentral Residences Towers 1 & 2. As of June 30, 2025, unbilled sales stood at RM90.36mil. The property investment segment continued to provide stable returns, contributing RM6.45mil in revenue and RM4.79 mil in pre-tax profit.
