IJM expects better outlook for construction division

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The story "IJM expects better outlook for construction division" was covered 3 hours ago by The Star, a news publisher based in Malaysia.

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The Star 3h ago

IJM expects better outlook for construction division - The Star

Quick Summary:

PETALING JAYA: IJM Corp Bhd is anticipating its construction division to stage a better performance for the financial year ending March 2025 (FY25), on the back of its order book in hand of RM6bil.

Cumulatively, over the nine months up to December (9M25), however, net earnings slid 6.9% y-o-y to RM274.4mil, despite a 7.2% increase in revenue to RM4.46bil.

In addition, it said in a filing to Bursa Malaysia that it had also recognised fair value losses on WCE Holdings Bhd warrants of RM8mil and RM26.5mil in 3Q25 and 9M25, respectively.