Ibraco declares 1 sen dividend

KUALA LUMPUR (Dec 4): Ibraco Bhd has declared an interim single dividend of 1 sen per share in respect of the financial year ending Dec 31, 2019 (FY19), payable on Dec 30, 2019.

At midday break, the group’s shares were traded at 53 sen, valuing it at RM263.1 million.

In a filing dated Nov 14, Ibraco said its revenue for its third quarter of FY19 (3QFY19) rose 38% to RM101.05 million from RM73.48 million in 3QFY18.

“The group’s revenue was mainly recognised from the sales of Small Office Home Office (SOHO) and SOHO Commercial at Tabuan Tranquility Phase 3 and Bintulu Town Square, sales of apartment suites at ContiNew, Kuala Lumpur and at The NorthBank Avona, sales of residential houses at The NorthBank Nova 72, sales of condominiums at the Park Residence, sales of apartments at Stutong Heights, sales of three-storey shop offices at Bintulu Town Square and The NorthBank Business Exchange Phase 1, sales of office building at The NorthBank, construction of the new airport at Mukah, Sarawak, and rental income from investment properties,” it said.

Meanwhile, Ibraco’s revenue for the cumulative nine-months of FY19 (9MFY19) increased to RM232.6 million from RM155.31 million in 9MFY18 due to contribution from the property development segment.

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