I Bhd Q3 pre-tax profit falls to RM10.4 million

I Bhd Q3 pre-tax profit falls to RM10.4 million

KUALA LUMPUR, Nov 23 — I Bhd’s pre-tax profit for the third quarter ended Sept 30, 2015 fell to RM10.4 million from RM17.4 million in the same period last year.

In a filing to Bursa Malaysia today, the company said revenue declined to RM55.2 million from RM77.4 million previously due to lower revenue from property development and investment.

On current financial year prospects, the company expects its property development and leisure segments to continuously contribute positively to its performance.

“The company is confident that it will achieve sustainable operating results for the financial year ending Dec 31, 2015.

— BERNAMA

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