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KUALA LUMPUR, Feb 22 (Bernama) -- IOI Properties Group Berhad (IOIPG) reported a 13% increase in revenue to RM1.3 billion while operating profit was 7% higher to RM511.2 million in the first six months of financial year 2021 (FY2021) compared to the preceding year corresponding period, despite the challenging business environment due to the pandemic. For the period ended 31 December 2020, the Group recorded a total sales value of RM916.4 million.
“We expect that the measures announced in Budget 2021 and Home Ownership Campaign will continue to stimulate the property market in Malaysia, boosting demand for mid-priced range products that are highly sought after in our integrated developments located in high-growth areas, complemented by amenities and easily accessible with excellent connectivity,” said IOIPG Chief Executive Officer Dato’ Voon Tin Yow.