Putrajaya – IOI Properties Group Berhad (“IOIPG” or “Group”) registered a revenue of RM687.9 million for the first quarter of financial year 2025 (“Q1 FY2025”) which ended on 30 September 2024. Although the Property Development segment saw a 21% decline in revenue, the weaker performance was offset by the strong performance of the Property Investment segment, which continued its growth trajectory with an impressive 52% growth, alongside the Hospitality & Leisure segment, which saw its revenue more than double, driven by contributions from three new additions to the portfolio, namely Moxy Hotel, W Kuala Lumpur and Courtyard by Marriott Penang, as well as higher contributions from Palm Garden Hotel, A Tribute Portfolio Hotel, and Putrajaya Marriott Hotel following the completion of its refurbishment works.
IOI Properties Group Maintains Resilience Amid Headwinds November 27, 2024
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