Revenue and operating profit for IOI Properties Group improved in its first half of financial year 2021

22 February, Kuala Lumpur – IOI Properties Group Berhad (IOIPG) reported a 13% increase in revenue to RM1.3 billion while operating profit was 7% higher to RM511.2 million in the first six months of financial year 2021 (FY2021) in comparison to the preceding year corresponding period, despite the challenging business environment due to the COVID-19 pandemic. The improvement in revenue and operating profit was mainly due to higher than expected contribution from its operations in Xiamen, China. For the period ended 31 December 2020, the Group recorded a total sales value of RM916.4 million.

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