IJM Land Bhd posted a higher pre-tax profit of RM105.57 million for the third-quarter ended Dec 31, 2010, compared with RM34.22 million registered in the previous corresponding quarter.

In a filing to Bursa Malaysia today, it attributed the significant increase in pre-tax profit to the disposal of a subsidiary, Delta Awana Sdn Bhd, along with higher profit margins.

Revenue, however, declined four per cent to RM255.2 million compared with RM266.35 million recorded previously. For the nine-month period ended Dec 31, 2010, the group recorded a higher pre-tax profit of RM227.72 million compared with

RM122.2 million registered in the previous corresponding period.
It, however, recorded a lower revenue of RM833.11 million against RM855.36 million achieved previously.

'On the back of the group's strong unbilled sales, the group is expected to deliver better financial results for the current fiscal year,' it said. -- Bernama