Matrix Concepts 1H15 net profit rises 79.4% to RM145.3 million [Press Release]

Matrix Concepts 1H15 net profit rises 79.4% to RM145.3 million [Press Release]

• Continues to see steady sales of residential properties; recent launch of Hijayu 3B recorded 40% take-up in one month
• Positive of sustained demand for affordable homes; unbilled sales of RM540.0 million to be recognized until 2018
  
• Declares 2^nd interim dividend of 3.5 sen per share in respect of FY2015 payable on 9 October 2015

Seremban, Negeri Sembilan, Malaysia, 10 August 2015 – Leading Negeri Sembilan property developer Matrix Concepts Holdings Berhad (Matrix Concepts; 金群利集团; Bloomberg: MCH:MK; Reuters: MATR.KL) recorded 79.4% higher net profit of RM145.3 million for the first half ended 30 June 2015 (1H15), from RM81.0 million in the previous year on higher sales of industrial and residential properties.

1H15 group revenue rose 46.8% to RM438.1 million, from RM298.4 million previously.

Dato’ Haji Mohamad Haslah bin Mohamad Amin, Chairman of Matrix Concepts Holdings Berhad said:

“Matrix Concepts’ focus in developing affordably-priced homes accords us the agility to weather the potential slowdown and overall dampened sentiment in the property sector.

The case in point is our recent launch of Hijayu 3B project in end-May 2015, comprising 333 units of double-storey terrace homes, which saw approximately 40% take-up within a short span of one month. This indicates our success in catering to the demand for affordable homes in Negeri Sembilan and Greater Klang Valley.”

Read the full press release here.