I-Ber­had sees RM500m rev­enue

New Straits Times - - Business -

SHAH ALAM: I-Ber­had is con­fi­dent of gen­er­at­ing RM500 mil­lion in rev­enue this year, up from the RM383.6 mil­lion last year.

This will be done mainly through the build­ing up of the com­pany’s prop­erty de­vel­op­ment seg­ment as well as, to a lesser ex­tent, its hos­pi­tal­ity arm.

I-Ber­had deputy chair­man Datuk Eu Hong Chew said this was in keep­ing with the com­pany’s dou­ble-digit growth recorded in the past few years.

The com­pany at present has three busi­ness seg­ments: leisure, prop­erty in­vest­ment and prop­erty de­vel­op­ment.

Eu said that, how­ever, the prop­erty in­vest­ment port­fo­lio (e.g. shop­ping malls) had not shown much growth in earn­ing.

This is in con­trast to the dou­ble-digit growth in rev­enue from I-Ber­had’s prop­erty de­vel­op­ment seg­ment.

He told the me­dia yes­ter­day that the rev­enue came mainly from the com­pany’s 28.94ha free­hold i-City de­vel­op­ment here, which has a gross de­vel­op­ment value of RM9 bil­lion. Fran­cis Dass

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