KUALA LUMPUR, May 28 — IJM Corporation Bhd’s net profit dipped to RM3.24 million for the financial year ended March 31, 2026 (FY2026), from RM403.37 million in the...
IJM Corp maintained its revenue growth but its earnings were pressured by property and port weaknesses. — Picture courtesy of IJM Corporation! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today.
T&Cs apply. KUALA LUMPUR, May 28 — IJM Corporation Bhd’s net profit dipped to RM3.24 million for the financial year ended March 31, 2026 , from RM403.37 million in the corresponding period last year. The conglomerate said in a filing with Bursa Malaysia today that revenue rose 10 per cent to RM6.88 billion from RM6.25 billion in FY2025, mainly supported by higher contributions from its construction, manufacturing and quarrying divisions.
For the fourth quarter, IJM Corp recorded a net loss of RM173.9 million, compared with a net profit of RM128.96 million in the same quarter last year, while revenue ticked up 4.2 per cent to RM1.9 billion from RM1.8 billion previously. The group said this was mainly due to net foreign exchange losses of RM94.7 million in 4Q FY2026 and RM197.9 million for FY2026 ; the recognition of an impairment on unsold inventories of RM121.6 million, including an office building in Changchun, China, provision for maintenance costs for a highway in India of RM51.0 million; and weaker performance from the property and port division.
The company has declared a single-tier second interim dividend of five sen per share and a special dividend of one sen per share for FY2026. Meanwhile, the company expects its construction division to deliver stronger performance in the new financial year, underpinned by a solid order book of RM14.7 billion, including outstanding orders from joint ventures and associates.
However, it said the Malaysian property market is showing early signs of softening, driven by weaker consumer sentiment.
“Nevertheless, the property division remains committed to driving sales of its existing projects by adopting a responsive market strategy and enhancing product differentiation to align with evolving buyer expectations and affordability thresholds to achieve improved performance in the new financial year. The earnings will be further enhanced by the sale of land parcels.
“The industry division is expected to continue its strong performance achieved in the past few financial years, given its solid order book in hand and the expected continued rollout of data centres, large-scale industrial buildings and infrastructure jobs,” it said. The toll division is expected to continue providing steady revenue streams to the group via its mature concessions, while the port business expects a mixed outlook supported by the gradual resumption of business activities by a major customer, but remains cautious over the impact of global trade disruptions arising from geopolitical tensions.
Barring the uncertain macroeconomic outlook due to geopolitical tensions, the group said it is confident of delivering improved operational performance in the new financial year. — Bernama
Bursa Malaysia Changchun China Dividend FY2026 Malaysian Property Market Construction Division Order Book
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labuan hotelier gets RM3,000 power bill refundLABUAN: A hotelier here who raised concerns over a shocking electricity bill to Daily Express (May 14) has received a refund of about RM3,000 after a second meter reading by SESB.
Read more »
IOI Properties profit jumps over four times to RM1.95b on stronger sales and Singapore expansionKUALA LUMPUR, May 28 — IOI Properties Group Bhd’s net profit surged more than fourfold to RM1.95 billion for the first nine months of FY2026, driven largely by fair value and...
Read more »
IJM eyes improved FY27 performance supported by RM14.7bil order bookPARIS, May 28 (Reuters) - France's top markets regulator warned crypto companies they could be blacklisted and sued if they do not get an EU licence to operate by end of June, as the bloc fully rolls out tighter regulation of crypto.
Read more »
YTL Corporation Bhd's Net Profit Decreases in 3Q FY2026YTL Corporation Bhd's net profit decreased to RM325.99 million in the third quarter ended March 31, 2026, from RM432.63 million in the same quarter last year. Revenue, however, rose to RM7.57 billion from RM7.32 billion, the group said in a Bursa Malaysia filing today.
Read more »