IJM Land Bhd posted a lower pre-tax profit of RM76.3 million for the third quarter ended Dec 31, 2011, from RM105.6 million in the same period previously.

Revenue, however, rose to RM292.9 million against RM255.2 million before.

In a filing to Bursa Malaysia, it said the lower pre-tax profit was mainly due to the recognition of gain on disposal of Delta Awana totalling RM62.95 million in the corresponding quarter previously.

The higher revenue came from the property development segment, particularly the Light development in Penang and Shah Alam 2 project in Selangor.– BERNAMA

SOURCE: Business Times