KUALA LUMPUR: IJM Corp Bhd is expecting better financial results for its fourth quarter ending March 31, 2022, with the continued improvement in economic activities as movement restrictions ease.

       The group said it had RM1.3bil in new construction projects, bringing its outstanding order book to RM4.2bil as at Dec 31, 2021.

       “The performance of the group’s construction division is expected to improve with the resumption of construction activities,” it said in a statement.

       IJM Corp noted that its property division has received strong take-up rate from its wide array of mid-market products in strategic locations, with unbilled sales of RM2.3bil.

       “The property division’s sales of RM1bil in the third quarter ended Dec 31, 2021 underscores healthy demand, bringing year-to-date sales to RM2.1bil, putting us on course for record-level local sales,” it said.

       Its industry division orders have been picking up, with balance order book currently stood above one million tonnes – the highest since 2016.

       Also, the performance of its port and toll operations has gradually recovered since the resumption of business activities.