IOI confident of property sales recovery post Covid-19 pandemic
KUALA LUMPUR, May 30 -- IOI Properties Group (IOIPG) expects that property sales will recover after the Covid-19 pandemic is over based on the third quarter (3Q) results from its 2020 financial year (FY20).
In a press statement yesterday, the group announced its 3Q20 results where the real estate giant had achieved RM401.4 million in revenue and a profit before interest and taxation of RM137.7 million.
For the nine months in the current year-to-date, it had recorded RM1.5 billion in revenue and RM678.8 million in profit before interest and taxation.
"The Group anticipates that its developments in strategic locations around Malaysia with its projects in the pipeline will continue to draw prospective buyers as the economy gradually impro...
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