<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 14): Matrix Concepts Holdings Bhd reported today a 2% rise in second quarter net profit to RM52.94 million from RM51.83 million a year earlier as the property developer registered higher revenue.</p></div>

<div class=newsTextDataWrapInner><p>In a statement to Bursa Malaysia today, Matrix Concepts said revenue rose to RM253.31 million in the second quarter ended Sept 30, 2018 (2QFY19) from RM202.9 million.</p></div>

<div class=newsTextDataWrapInner><p>"The group also recorded higher profit before tax of RM74.4 million, an increase of RM3.4 million or 4.8% from RM71.0 million in the previous year, attributed to the enlarged revenue base. The group's margins were moderated due to fewer higher-premium property launches in its product mix.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"As at Sept 30, 2018, the group's total undeveloped land bank is approximately 1,405 acres, while unbilled sales grew to RM1.4 billion compared to RM1.1 billion a year ago and RM1.2 billion as at the preceding quarter's end," Matrix Concepts said.</p></div>

<div class=newsTextDataWrapInner><p>For 1HFY19, Matrix Concepts said net profit climbed to RM103.09 million from RM97.38 million a year earlier. The company said revenue was higher at RM483.35 million from RM375.75 million.</p></div>

<div class=newsTextDataWrapInner><p>"Overall, the group is confident that its profitability will be sustained with the healthy amount of new launches and sales progress of ongoing developments," Matrix Concepts said.</p></div>


KUALA LUMPUR (Nov 14): Matrix Concepts Holdings Bhd reported today a 2% rise in second quarter net profit to RM52.94 million from RM51.83 million a year earlier as the property developer registered higher revenue.

In a statement to Bursa Malaysia today, Matrix Concepts said revenue rose...

Matrix Concepts 2Q net profit up on-year as unbilled sales rises to RM1.4b

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