IGB Corp. Bhd reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenues of MYR 268.937 million, profit form operations of MYR 101.873 million, profit before tax of MYR 80.627 million, profit attributable to equity holders of the company of MYR 29.270 million or 2.03 sen per basic share compared to the revenues of MYR 225.029 million, profit form operations of MYR 127.220 million, profit before tax of MYR 122.331 million, profit attributable to equity holders of the company of MYR 91.878 million or 6.29 sen per basic share for the same quarter year ago. For the year, the company reported revenues of MYR 993.851 million, profit form operations of MYR 421.442 million, profit before tax of MYR 366.198 million, profit attributable to equity holders of the company of MYR 180.190 million or 12.47 sen per basic share compared to the revenues of MYR 772.129 million, profit form operations of MYR 398.283 million, profit before tax of MYR 357.504 million, profit attributable to equity holders of the company of MYR 237.650 million or 16.26 sen per basic share for the previous year. Net cash generated from operating activities was MYR 123.470 million compared to the MYR 188.203 million for the previous year. Additions in investment properties, land held for property development and property, plant and equipment was MYR 168.781 million compared to the MYR 272.734 million for the previous year. The company declared an interim dividend of 15% less tax (7.5 sen per share) for the financial year ended 31 December 2012 and will be payable on 8 April 2013 to every member who is entitled to receive the dividend on 15 March 2013.

IGB Corp. Bhd announced unaudited consolidated earnings results for the third quarter and year to date ended September 30, 2012. For the quarter, the company reported profit attributable to equity holders of MYR 37,499,000 or 2.58 sen basic earnings per share on revenue of MYR 241,190,000 compared to profit attributable to equity holders of MYR 59,488,000 or 4.05 sen basic earnings per share on revenue of MYR 186,060,000 for the corresponding period last year. Profit from operations was MYR 92,234,000 against MYR 104,978,000 for the same period last year. Profit before tax was MYR 85,301,000 against MYR 90,574,000 for the same period a year ago. For the year to date, the company reported profit attributable to equity holders of MYR 150,920,000 or 10.39 sen basic earnings per share on revenue of MYR 724,914,000 compared to profit attributable to equity holders of MYR 145,772,000 or 9.93 sen basic earnings per share on revenue of MYR 547,100,000 for the corresponding period last year. Profit from operations was MYR 319,569,000 against MYR 271,063,000 for the same period last year. Profit before tax was MYR 285,571,000 against MYR 235,173,000 for the same period a year ago. Net cash generated from operating activities was MYR 167,041,000 against MYR 130,770,000 of prior year period. Purchase of property, plant and equipment was MYR 119,295,000 against MYR 221,361,000 of prior year period.

IGB Corp. Bhd had announced that it had entered into 2 conditional Shareholders Agreements (SAs) with Selia Pantai Sdn Bhd (Selia Pantai) for the establishment of 2 joint ventures through equity participation of 70:30 basis each in Southkey Megamall Sdn Bhd and Dimensi Magnitud Sdn Bhd to acquire and develop the 3 vacant parcels of leasehold land situated in Mukim Plentong, Daerah Johor Bahru, Negeri Johor into a retail mall and/or mixed development as may be approved by the authorities. The company announced that IGB and Selia Pantai (collectively, JV Parties) have mutually agreed to an extension of 3 months effective from November 9, 2012 to February 8, 2013 for the JV Parties to fulfil the conditions precedent in accordance with the terms of the SAs, with other matters stated in the SAs remain unchanged.