IJM Corp Bhd’s net profit narrowed by 32% to RM110.9 million for the first three months ended Sept 30, 2017, from RM163.9 million due to the absence of a RM27.9 million one-off gain recorded a year ago.

The company told Bursa Malaysia in an exchange filing yesterday that its revenue increased 7.2% to RM1.6 billion.

According to IJM Corp, this is due to higher contributions from the company’s construction, property development and infrastructure divisions.

Despite the constantly changing business environment, the group expects a reasonable performance for the current financial year.

In the meantime, a single-tier first interim dividend of three sen per share has been declared for the financial year ending March 31, 2018, to be paid on Dec 28.