Published:
Friday May 23, 2014 MYT 3:31:00 PM
Updated: Friday May 23, 2014 MYT 3:34:13 PM
Updated: Friday May 23, 2014 MYT 3:34:13 PM
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KUALA LUMPUR: IOI Properties Bhd net profit accounted to RM89.11mil for the third quarter ended Mar 31, 2014.
The company said in the stock filing that its revenue for the third quarter amounted to RM361.46mil.
The Group has its presence in countries such as Malaysia, Singapore and China, whereby the governments have introduced its regulatory measures to promote a stable property market.
These measures are believed to have an impact on the growth of the property sector.
The property market in both Malaysia and Singapore currently remains challenging in the high-end segment.
Nonetheless, the mass-market segment in Malaysia contributes to the revenue of the Group.
For the overseas market, there would be two launches in Xiamen, PRC during the current financial period contributed positively to the results of the Group.
The Group has its presence in countries such as Malaysia, Singapore and China, whereby the governments have introduced its regulatory measures to promote a stable property market.
These measures are believed to have an impact on the growth of the property sector.
The property market in both Malaysia and Singapore currently remains challenging in the high-end segment.
Nonetheless, the mass-market segment in Malaysia contributes to the revenue of the Group.
For the overseas market, there would be two launches in Xiamen, PRC during the current financial period contributed positively to the results of the Group.
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