The strong performance was contributed mainly by the property segment, of which revenue jumped 118% y-o-y to RM401.3 million, while operating profit surged 353% y-o-y to RM107.2 million. No dividend was declared for the quarter.
The group said it posted a higher profit before taxation from its continuing operations of RM20.88 million in 3QFY2017, versus a PBT of RM10.23 million a year ago.
The contract value of the project is estimated to be in the range of RM160 million to RM200 million, sources said.
Not only is technology important in helping real estate agents in terms of marketing, but it also plays a huge role in facilitating cross-border property transactions.
The networking dinner saw as many as 50 representatives from the property development companies in Penang and Kedah attending the event including committee members of the Penang branch of the Real Estate and Housing Developers' Association.
Titijaya Land Bhd announced a 16% increase in profit after tax of RM20.4 million for the second quarter ended Dec 31, 2016, compared with the RM17.6 million in the corresponding period last year.
IGB Corp Bhd shares rose as much as 38 sen or 15% after controlling shareholder Goldis Bhd made a takeover offer for the remaining IGB shares at RM3 each.
At the start of the 2016/17 academic year, almost 522,000 students were enrolled on undergraduate courses at UK universities, an increase of more than 7,000 on 2015 while the number of acceptances of EU students rose by 8% y-o-y.
Its property investment and development segment also registered a 19% decline in PBT.
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