Latest news with #RM214.1mil
The Star
25-06-2025
- Business
- The Star
ES Sunlogy's RE segment signals positive trajectory, says MD
KUALA LUMPUR: ES Sunlogy Bhd posted a net profit of RM2.48mil on revenue of RM75.61mil for its third financial quarter ended April 30, 2025, marking its full quarter post-initial public offering on the ACE Market of Bursa Malaysia. In a statement, ES Sunlogy said its revenue in the quarter under review was down 24.4% compared to the preceding quarter, attributed to lower contribution from the M&E segment due to the timing of project milestones and completion cycles. "This resulted in a quarter-on-quarter decrease in profit after tax. The moderation was expected and is part of the company's typical project execution flow," it said. The mechanical and electrical engineering services segment remained its core revenue driver, contributing RM67.6mil or 89.4% to the company's total revenue. The trading and sale of renewable energy segments contributed RM6mil and RM2mil respectively. "While the quarter saw a temporary moderation in revenue, it was anticipated as part of our project lifecycle. "More importantly, our strong unbilled order book and expanding footprint in the renewable energy space signal a promising trajectory ahead," said managing director Khor Chuan Meng. Over the three financial quarters, the company recorded a net profit of RM10.03mil on revenue of RM239.18mil. As at April 30, 2025, ES Sunlogy recorded total equity of RM107.1mil and an unbilled order book of RM214.1mil, providing earnings visibility in FY25 and FY26.
The Star
28-05-2025
- Business
- The Star
Matrix Concepts registers RM1.38bil new property sales in FY25
KUALA LUMPUR: Matrix Concepts Holdings Bhd recorded new property sales of RM1.38bil in the financial year ended March 31, 2025 (FY25), a 10.4% increase over sales of RM1.25bil in the previous year. In a statement, the property developer said the new property sales was underpinned by a strong performance across its core township developments Sendayan Developments and Bandar Seri Impian, alongside its Klang Valley high-rise project, Levia Residences. There was also maiden contribution from industrial land sales at Malaysia Vision Valley City (MVV City). In FY25, Matrix Concepts posted a net profit of RM214.1mil, down from RM244.31mil in the previous year, on revenue that was also lower at RM1.19bil against RM1.34bil in FY24. The group's earnings per share dipped to 16.37 from 19.52 sen previously. In the fourth quarter alone, Matrix Concept's net profit was RM42.67mil, down from RM60.6mil in 4QFY24, while revenue fell to RM305.17mil from RM353.14mil in the comparative quarter. It said the weaker set of figures was primarily due to the timing of launches and revenue recognition for properties sold in Sendayan Developments and Bandar Seri Impian. "Despite the impact of the timing differences on topline, the group achieved a significant improvement in gross profit margin at 51% in FY25 compared to 46.4% for FY2024. "The margin expansion was primarily driven by a favourable mix, including accelerated recognition from industrial and commercial property developments," it said. In FY25, Matrix Concepts launched projects with a total gross development value (GDV) of RM1.45bil, a 9.8% increase from RM1.32bil previously. "The collective take-up rate for FY25 launches stood at 73% as at March 31, 2025, reflecting robust buyer confidence," it said. Moving forward, chairman Datuk Mohamad Haslah Mohamad Amin said the group is positioned for transformative growth in FY26, supported by a launch target of RM1.6bil GDV in 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 2,382 acres with a projected GDV of RM15bil, the MVV City development is poised to provide a clear earnings trajectory in the near term and reinforce our long-term confidence," he said.
