Latest news with #RM1.45
New Straits Times
4 days ago
- Business
- New Straits Times
Matrix Concepts beats FY25 sales target, eyes RM1.6bil launches in FY26
KUALA LUMPUR: Matrix Concepts Holdings Bhd recorded a 10.4 per cent increase in new property sales to RM1.38 billion for the financial year ended March 31, 2025 (FY25) from RM1.25 billion a year earlier. The growth was driven by strong market demand and an increase in new launches across its diverse development portfolio. The new property sales significantly surpassed the the property developer's sales target of RM1.3 billion, bolstered by strong performances from its projects. This includes its core township developments, Sendayan Developments and Bandar Seri Impian, as well as the Klang Valley high-rise project, Levia Residences. The sales also included the company's first industrial land sales from the highly anticipated Malaysia Vision Valley City (MVV City). Taking advantage of favourable market conditions, Matrix Concepts launched projects with a total gross development value (GDV) of RM1.45 billion in FY25, a 9.8 per cent rise from RM1.32 billion last year. The overall take-up rate for FY25 launches stood at 73 per cent as of March 31, 2025, indicating strong buyer confidence. Datuk Mohamad Haslah Mohamad Amin said that surpassing the FY25 sales target reflects the enduring trust and confidence of homeowners across generations. Datuk Mohamad Haslah Mohamad Amin said the FY25 surpassing our sales target for the year reflects the lasting trust of homeowners across generations. He stated that for nearly three decades, the commitment to delivering premium-quality, trend-driven homes at accessible prices has driven strong take-up across Matrix Concepts' developments in Negri Sembilan, Johor and the Klang Valley. "FY26 is positioned for transformative growth, supported by a launch target of RM1.6 billion in GDV of new projects. "These upcoming launches include the first phase of the MVV City's industrial land, a key catalyst for our next growth phase. "Spanning 964.1 hectares with a projected GDV of RM15 billion, the MVV City development is poised to provide a clear earnings trajectory in the near term and reinforce our long-term confidence," Mohamad Haslah added. In FY25, the company's revenue declined 11.2 per cent to RM1.19 billion from RM1.34 billion previously due to the timing of launches and revenue recognition for properties sold in Sendayan Developments and Bandar Seri Impian. Its net profit also fell 12 per cent to RM214.1 million from RM244.3 million previously. Matrix Concepts' unbilled sales stood at RM1.46 billion as of March 2025, providing significant earnings visibility for the next 15 to 18 months. The company declared a fourth quarter interim dividend of 1.35 sen per share that will be paid on July 10, 2025. Mohamad Haslah said the company is expanding its footprint within the high-growth Klang Valley region, particularly Selangor. He said the recent investments have established a robust platform for future developments in the Banting and Sepang areas. "Beyond our core property development activities, we are strategically expanding into high-potential sectors such as hospitality, education and healthcare. "These complementary ventures are designed to create diversified and recurring income streams, strengthening our resilience and enhancing long-term value creation," he added.
New Straits Times
23-05-2025
- Business
- New Straits Times
Dutch Lady cautiously bullish about prospects after strongest results in recent years in 2024
KUALA LUMPUR: Dutch Lady Milk Industries Bhd (DLMI) is cautiously optimistic about its growth prospects for 2025, despite ongoing challenges from rising input costs and evolving regulatory requirements. The company's core strategy focuses on leveraging its new manufacturing capabilities, driving innovation in nutritional and Halal dairy products and pursuing its sustainability agenda under its seven focus areas. The seven focus area are "Better Nutrition, Better Packaging, Better Climate, Better Sourcing, Better People, Better Society and Better Governance". "These efforts will continue to support DLMI's purpose of 'Nourishing Our Planet and People in Every Stage of Life' as it builds on its legacy of dairy excellence in Malaysia," it noted. DLMI registered its strongest financial performance in recent years, with a 33.5 per cent jump in net profit to RM96.6 million for the financial year ended Dec 31, 2024 (FY24), despite challenging market conditions. The company's revenue reached RM1.45 billion, a modest 0.2 per centincrease from the previous year. Operating profit surged by 31.4 per cent to RM131.4 million compared to RM100.0 million in 2023, while gross profit margin improved significantly to 33.8 per cent in 2024 from 29.7 per cent in 2023. The company declared total dividends of RM32.0 million for FY24, representing 33.1 per cent of net profit. The year 2024 was a significant one for DLMI with the inauguration of its RM600 million investment DLMI@Enstek in May. The 13-hectare facility features advanced automation systems that enable improved operational efficiencies and enhanced sustainability performance. DLMI also marked the end of a milestone chapter in its history in 2024 with the closure of its iconic factory in Petaling Jaya. At DLMI's 62nd annual general meeting (AGM), newly-appointed managing director Veronika Winanti Wahyu Utami outlined the strategic advantages gained from DLMI@Enstek. "The completion of DLMI@Enstek marks a pivotal moment in our growth journey. "This IR4.0-enabled facility isn't merely an expansion; it's a strategic platform that allows us to revolutionise our product development and manufacturing capabilities. "We are now better positioned to introduce innovative, Halal dairy products while simultaneously penetrating new markets across the region," she said. Utami, who took the helm in April 2025, brings extensive experience in the fast-moving consumer goods sector, with a proven track record in driving growth and market share gains. "My immediate focus is to maximise this investment by accelerating our innovation pipeline while driving market expansion to develop nutrition-focused products tailored to Malaysian consumers' evolving needs and preferences," she noted.
