IJM Corp Bhd's pre-tax profit for financial year ended Dec 31, 2010 rose to RM601.524 million from RM415.189 million in the same period of 2009.

Its revenue, however, declined to RM2.673 billion from RM3.147 billion previously. For the fourth quarter ended Dec 31, 2010, its pre-tax profit increased to RM224.096 million from RM160.562 million in the same quarter 2009.

Its revenue, however, fell to RM901.345 million from RM936.308 million previously. In a filing to Bursa Malaysia today, IJM said the business environment for the group's activities would be challenging with the potential destabilising effects on global financial markets.

It said the construction division's performance was expected to improve as order book replenishment prospects remained encouraging.

'The performance of the group's property division is expected to grow in significance in the current financial year given improved consumer sentiments, attractive mortgage environment as well as recent successful project launches,' it said.

Barring any unforeseen circumstances, IJM said it would achieve satisfactory results for the current financial year. -- Bernama