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Judul : IGB Corp 1Q profit jumps 122%, helped by divestment gains
link : IGB Corp 1Q profit jumps 122%, helped by divestment gains
IGB Corp 1Q profit jumps 122%, helped by divestment gains
KUALA LUMPUR (May 23): IGB Corp Bhd's net profit jumped 122% in the first financial quarter ended March 31, 2017 (1QFY17) to RM115.25 million or 8.63 sen a share, from RM51.81 million or 3.88 sen in the previous corresponding period.
The big jump on earnings, said IGB Corp in a filing with Bursa Malaysia, is mainly due to a one-off gain of RM34.3 million from sales of assets by a subsidiary. Higher contributions from its property investment divisions and better earnings from its hotel business also helped to boost the group's profit.
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