Latest news with #KITA@Cybersouth
The Star
4 days ago
- Business
- The Star
LBS RECORDS ROBUST GROWTH
'We are encouraged by the strong start to 2025, having secured RM281.2mil in sales and an additional RM256mil in bookings,' said Lim. PETALING JAYA: LBS Bina Group Bhd, a leading property developer guided by people-first values, announced its impressive unaudited financial results for the first quarter of the financial year ending Dec 31 (Q1FYE2025). Following the successful completion of multiple projects in 2024, the group maintained its growth by focusing on new developments to sustain its trajectory. The group's higher progressive site construction activities enabled revenue to jump 15% to RM329.2mil in Q1FYE2025 from RM287.1mil in the preceding quarter. Led by flagship projects in particularly KITA @ Cybersouth, LBS Alam Perdana, Prestige Residence and Idaman projects, LBS' Klang Valley developments continued to be the key driver, where it accounted for over 86% of Q1FYE2025's revenue. The higher revenue – among other things – contributed to a higher profit after tax of RM32.5mil in Q1FYE2025, which was more than double the preceding quarter's RM15.8mil. LBS group executive chairman Tan Sri Ir Dr Lim Hock San said, 'We are encouraged by the strong start to 2025, having secured RM281.2mil in sales and an additional RM256mil in bookings. 'This performance is driven by the robust demand for the state-of-the-art light and medium factories in our Alam Perdana Industrial Park, further boosted by Cameron Centrum, following the successful launch of Centrum Iris, its second precinct and largest mixed development, earlier this year. 'The strong uptake, in both these projects, reflects the strong market confidence in our developments and reinforces our strategy of delivering market-driven projects that cater to real demand.' He added, 'Guided by our 8 x 8 strategy, we are focused on launching a robust pipeline of projects over the next three years, boasting a total gross development value (GDV) of RM8bil. 'This, combined with our sizeable 1,535ha of landbank and RM1.61bil in unbilled sales, we are well positioned for sustainable growth, providing clear visibility of our future revenue and earnings.' Lim explained: 'Moreover, we are exploring opportunities to expand our presence in Melaka with our recent memorandum of understanding (MoU) to develop a mixed-use industrial development project with an estimated GDV exceeding RM7bil. 'We are excited about the potential growth opportunities and looking ahead, we maintain a cautiously optimistic outlook and will continue to respond with agility to evolving market demands while building on our strengths to drive sustainable growth.' In a testament of the group's commitment to shareholder returns, the Board has proposed a final single-tier dividend of 1.10 sen per ordinary share in respect of the financial year ended Dec 31, 2024. This is subject to the shareholders' approval at the forthcoming 25th annual general meeting on June 26. Upon approval, the cumulative dividend payout for 2024, including a first interim single-tier dividend of 1.00 sen per ordinary share and a special single-tier dividend of 2.60 sen per ordinary share, is 4.70 sen per ordinary share or RM73.2mil in total. This represents a 30% payout ratio, in line with the group's dividend policy.
New Straits Times
4 days ago
- Business
- New Straits Times
LBS posts strong FY2025 start, earnings surge on robust sales, demand
KUALA LUMPUR: LBS Bina Group Bhd has kicked off the financial year ending Dec 31, 2025 (Q1 FY2025) on a high note, supported by strong sales momentum and steady project execution. The people-first property developer reported a 15 per cent quarter-on-quarter revenue increase in Q1 FY2025 to RM329.2 million, up from RM287.1 million in the preceding quarter. This was driven by active construction progress across key developments, particularly in the Klang Valley, which contributed over 86 per cent of total revenue. Major contributors included flagship projects such as KITA @ Cybersouth, LBS Alam Perdana, Prestige Residence, and the Idaman series. The group also saw its pre-tax profit more than double to RM32.5 million from RM15.8 million in the previous quarter. Commenting on the results and outlook, executive chairman Tan Sri Dr Lim Hock San said the group recorded RM281.2 million in sales and RM256 million in bookings during the quarter. "This performance is driven by the robust demand for the state-of-the-art light and medium factories in our Alam Perdana Industrial Park, further boosted by Cameron Centrum, following the successful launch of Centrum Iris, its second precinct and largest mixed development, earlier this year," he said in a statement. Lim said that the strong uptake in both these projects reflects the strong market confidence in the developments and reinforces the group's strategy of delivering market-driven projects that cater to real demand. Guided by its 8 x 8 Strategy, LBS plans to launch projects worth RM8 billion in total gross development value (GDV) over the next three years. With 3,793 acres of land landbank and RM1.61 billion in unbilled sales, the group is well-positioned for sustainable growth. "This, combined with our sizeable 3,793 acres of land landbank and RM1.61 billion in unbilled sales, means we are well positioned for sustainable growth, providing clear visibility of our future revenue and earnings. "Moreover, we are exploring opportunities to expand our presence in Melaka with our recent MOU (memorandum of understanding) to develop a mixed-use industrial development project with an estimated GDV exceeding RM7 billion," Lim said. "We are excited about the potential growth opportunities and looking ahead, we maintain a cautiously optimistic outlook and will continue to respond with agility to evolving market demands while building on our strengths to drive sustainable growth," he said. The board has proposed a final single-tier dividend of 1.10 sen per share in respect of the financial year ended Dec 31, 2024, subject to shareholder approval at the upcoming 25th AGM on June 26, 2025. Upon approval, the total dividend payout for 2024, including a first interim single-tier dividend of 1.00 sen per ordinary share and a special single-tier dividend of 2.60 sen per ordinary share, is 4.70 sen per ordinary share or RM73.2 million in total. This represents a 30 per cent payout ratio, in line with the group's dividend policy.
The Star
28-04-2025
- Business
- The Star
LBS Bina's ‘Makan Angin Lokal' campaign clocks RM537mil in bookings
LBS executive director Cynthia Lim (eighth from left) presenting mock cheques to the grand prize winners of the 'Makan Angin Lokal with LBS' campaign. LBS Bina Group Bhd, a leading property developer guided by people-first values, announced the outstanding success of its 'Makan Angin Lokal with LBS' campaign. This initiative was specially crafted to reward purchasers who successfully executed their sale and purchase agreements, loan agreements and fulfilled all stipulated terms and conditions under the campaign. Held from Oct 1 to Dec 31 2024, the campaign generated an impressive RM537mil in total bookings, mainly contributed by projects located at areas such as Selangor (Cybersouth, Seri Kembangan, Puchong) and Johor (Molek) where demand were primarily driven by first-time home buyers. This achievement stands as a strong testament to LBS's enduring appeal and commitment to delivering value-driven developments. A total of 19 projects across Malaysia including key developments such as KITA @ Cybersouth, D'Island Residence, Prestige Residence, Centrum Iris, Bayu Hills and more, participated in the campaign, further reflecting LBS's nationwide presence and strong market engagement. As part of the campaign, LBS celebrated the grand prize winners, who walked away with hotel vouchers worth up to RM250,000 in total. These exclusive vouchers are redeemable at top-rated hotels in Selangor, Kuala Lumpur, Pahang, Penang and Johor – offering winners a perfect opportunity for a well-deserved local getaway. The campaign's grand finale took place during the lively Raya KITA Fest, held at the LBS Discovery Gallery KITA @ Cybersouth. The highlight of the event was the official prize presentation ceremony, where LBS executive director Datuk Cynthia Lim handed over mock cheques to the lucky winners. 'This campaign is our way of expressing heartfelt appreciation to our customers while spreading joy and excitement throughout the LBS community. 'As a developer deeply rooted in community values, we take great pride in bringing festive cheer to our customers and the broader LBS family. 'This initiative also aligns with our three-year '8 x 8 Strategy', particularly our focus on delivering an exceptional customer experience – ensuring that every interaction is personalised, seamless and meaningful,' said Lim. In support of the Malaysian government's efforts to promote domestic tourism, LBS contributes by offering hotel stays at premier destinations. 'We hope these rewards inspire homeowners to explore the richness of Malaysia's heritage while serving as a token of our appreciation for their trust and support,' she added. The event attracted over 200 guests, including LBS Perks and Plusses partners, campaign winners, potential buyers and the local community. Guests celebrated Hari Raya in a festive atmosphere filled with joy, unity and music — highlighted by a free concert featuring local artists who were brought in by LBS, such as Naim Daniel, Iman Troye and Zarul Umbrella. It was a true reflection of the group's commitment to creating memorable experiences for the public. Adding further value to the celebration, LBS's partners – EON, Watsons, HWC Coffee and Coway, also participated in the event with engaging booths and interactive activities that elevated the overall experience for attendees. For more updates and upcoming offers, visit:
New Straits Times
28-04-2025
- Business
- New Straits Times
LBS Bina's 'Makan Angin Lokal' campaign achieves RM537mil in bookings
KUALA LUMPUR: LBS Bina Group Bhd, a prominent property developer with a strong commitment to people-first values, recently celebrated the success of its 'Makan Angin Lokal with LBS' campaign, which achieved a remarkable RM537 million in total bookings. Running from October 1 to December 31, 2024, the campaign was designed to reward buyers who completed their sale and purchase agreements and loan agreements and met all the necessary campaign requirements. The bookings were largely driven by demand in key hotspots like Selangor (Cybersouth, Seri Kembangan, Puchong) and Johor (Molek), with a significant portion of interest coming from first-time homebuyers, further reinforcing LBS's reputation for offering value-driven, highly sought-after developments. A total of 19 projects nationwide, including flagship developments like KITA @ Cybersouth, D'Island Residence, Prestige Residence, Centrum Iris, and Bayu Hills, participated in the campaign, showcasing LBS's strong market presence across Malaysia. As part of the rewards, LBS unveiled its grand prize winners, who collectively received hotel vouchers worth up to RM250,000. Winners can redeem these exclusive vouchers at premier hotels in Selangor, Kuala Lumpur, Pahang, Penang, and Johor — offering them the perfect opportunity to enjoy memorable local vacations. The campaign culminated in a vibrant grand finale at the Raya KITA Fest, hosted at the LBS Discovery Gallery at KITA @ Cybersouth. The highlight of the day was the prize presentation ceremony, where LBS executive director Datuk Cynthia Lim personally handed over mock cheques to the jubilant winners. The highlight of the event was the official prize presentation ceremony, where I personally handed over mock cheques to the lucky winners. "This campaign is our way of expressing heartfelt appreciation to our customers while spreading joy and excitement throughout the LBS community," Datuk Cynthia Lim, executive director of LBS, said. "As a developer deeply rooted in community values, we take great pride in adding festive cheer for our esteemed customers and the broader LBS family," she said in a statement. This initiative also aligns with the developer's Three-Year 8 x 8 Strategy, particularly its focus on delivering an exceptional customer experience — ensuring that every interaction is personalised, seamless, and meaningful, Lim added. In line with the Malaysian government's push to promote domestic tourism, LBS's rewards aim to encourage homeowners to explore Malaysia's rich heritage while appreciating their trust and support. "We hope these rewards inspire homeowners to explore the richness of Malaysia's heritage while serving as a token of our appreciation for their trust and support." The festive event attracted over 200 guests, including LBS Perks & Plusses partners, campaign winners, potential buyers, and local community members. The celebration was filled with festive spirit, unity, and joy, highlighted by a free concert featuring popular local artists Naim Daniel, Iman Troye, and Zarul Umbrella, all brought together by LBS in a special Hari Raya celebration. To further elevate the experience, LBS's trusted partners — EON, Watsons, HWC Coffee, and Coway — added to the excitement with interactive booths and activities, ensuring a dynamic and engaging experience for everyone.
