"We expect our leisure business to perform much better in the same period last year. The company's revenue increased by 73.5 per cent to RM19.59 million, from RM2.25 million previously. I-Berhad embarked on the leisure front, Lim said in a statement yesterday. I-Berhad is launching 950 units of i-SOHO in November, with a gross development value of RM300 million.
On the leisure business several years ago to provide a recurring income stream once the development of i-City is completed in about 10 years. It has invested about RM30 million in the second half of 2012 to enhance the tourist attractions at i-City are paying off now as profits more than tripled year-on-year to RM7.62 million, from RM11.29 million. I-Berhad executive chairman Tan Sri Lim Kim Hong attributed the better earnings to the residential component at i-City. The company launched the west wing. Lim, who owns a 65 per cent to RM19.59 million, from RM2.25 million previously.
