IOI Properties' earnings ease to RM94.78mil, revenue edges up to RM729mil

KUALA LUMPUR: IOI Properties Group Bhd's net profit fell to RM94.78 million in the second quarter (Q2) financial year ended June 30, 2025 against RM121.50 million a year ago.

Its revenue, however, increased to RM729 million compared to RM606.90 million last year, mainly driven by improved performance in the property investment and hospitality and leisure segments.

For the first half of FY2025, the group's net profit fell to RM163.95 million from RM295.94 million in the same period a year ago, while revenue rose to RM1.42 billion from RM1.25 billion previously.

IOI Properties group chief executive officer Lee Yeow Seng said the declining interest rates outlook bodes well for the group, despite lingering economic uncertainty.