I-Bhd quarterly net profit soars 140% to RM10mil

KUALA LUMPUR: I-Bhd executive chairman Tan Sri Lim Kim Hong in delivering the group’s report for the first quarter of financial year 2025 (1Q25) said the company’s strong start reflects its evolution into a more balanced, asset-driven business.

Accordingly, the group’s performance was underpinned by steady contributions from three core business segments – property development, property investment, and leisure and hospitality.

“Over the past year, we’ve restructured our growth engine to ensure we create an ecosystem that generates recurring income across our existing assets.

“The performance we are seeing today shows that our strategy is working – our earnings are broad-based, resilient and supported by both recurring income and market-responsive development,” Lim said in a statement.

During 1Q25 ended March 31, 2025, I-Bhd posted a net profit of RM9.96mil, which was about 140% more than RM4.07mil in the year-ago quarter.

Quarterly earnings per share jumped to 0.54 sen from 0.22 sen previously, while revenue came to RM62.06mil, up from RM40.63mil in 1Q24.

The company’s leading revenue contributor – leisure and hospitality – registered RM26.4mil in quarterly revenue and pre-tax profit of RM2.97mil.