Friday 29 Mar 2024
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KUALA LUMPUR (Feb 20): Property developer Matrix Concepts Holdings Bhd has declared a single-tier interim dividend of three sen a share to reward shareholders.

In a statement to Bursa Malaysia today, Matrix Concepts said the dividend's ex- and payment dates are on March 19 and April 10, 2019 respectively.

Meanwhile, Matrix Concepts said in a separate statement to the bourse that net profit fell to RM48.61 million in the third quarter ended Dec 31, 2018 (3QFY19) from RM70.56 million a year earlier. Quarterly revenue rose to RM285.65 million from RM266.17 million previously.

For the cumulative nine-month period (9MFY19), the group said net profit fell to RM151.7 million from RM167.94 million a year earlier, while revenue was higher at RM769 million versus RM641.92 million.

Matrix Concepts' revenue grew as new property sales rose. In a separate statement, Matrix Concepts said new property sales rose to RM1.1 billion in 9MFY19 from RM939.2 million a year earlier. The group said unbilled sales improved to RM1.4 billion from RM1.1 billion, hence providing stronger earnings visibility for the next 18 months.

Chairman Datuk Mohamad Haslah Mohamad Amin said in the statement: "In navigating current market conditions, we have displayed our resilience as well as agility, tailoring our launches of residential properties in line with market demand, with a healthy mix of products primarily comprising affordable homes."

"Through this, we are on track to achieve another record year with our best-ever new sales and revenue performance expected in FY2019, coupled with strong take up of above 80% for our residential and commercial properties. Moving forward, we intend to leverage on our strengths and maintain our reputation as a provider of affordable homes to Malaysians. Furthermore, our strong earnings visibility will effectively sustain our ability to distribute good returns to our shareholders and maintain our status as one of the top dividend yielding companies in Bursa Malaysia," Mohamad Haslah said.

At 12:30pm today, Matrix Concepts shares settled up two sen at RM1.99 with 111,600 units traded. The company's latest-reported net assets per share stood at RM1.70.

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