Matrix Concepts Holdings Bhd has registered 24.5% year-on-year (YoY) increase in third-quarter (3Q) ended Sept 30, 2014, net profit to RM45.1 million from RM36.2 million declared in the corresponding quarter of 2013. Meanwhile, its revenue increase 16.8% YoY to RM148.8 million. The Negri Sembilan-based property developer said in its exchange filing to Bursa Malaysia yesterday that the revenue performance was contributed mainly by the company’s sales of residential and commercial develop- ment properties, which commands better profit margin compared to the sales of land in the corresponding quarter of 2013. Moving forward, the company is confident in sus- taining its profit through the launches and continuous sales of its development projects in Bandar Sri Sendayan.
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