7 days ago
KTI Landmark posts RM8.5 mil profit in FY2024, holds first AGM since IPO
Published on: Thursday, May 29, 2025
Published on: Thu, May 29, 2025
By: Larry Ralon Text Size: Hamzah (middle) talking to the media after the AGM. KOTA KINABALU: Sabah-based property developer KTI Landmark Berhad (KTI:0308) reported a profit after tax of RM8.5 million for the financial year ended 31 December 2024, alongside RM175.4 million in revenue, marking a key milestone with its first AGM since listing on the ACE Market in June 2024. The Group recorded RM267.8 million in total sales and RM294.4 million in unbilled sales, maintaining a solid performance despite RM1.96 million in listing-related expenses. As of year-end, its outstanding order book stood at RM214 million with a total GDV of RM2.73 billion. Chairman Dato' Haji Hamzah Ghazalli highlighted KTI's transformation since its 1984 founding, recent eco-friendly projects like Ayuria Place and The Logg in Luyang, and strategic partnerships with LPPB and PPAM to meet housing demand in Sabah. KTI is leveraging Malaysia's construction sector rebound, driven by public infrastructure and housing, by integrating sustainability, green building methods, and digital innovation into its developments. With shares closing at RM0.410 and a market cap of RM328 million, KTI aims to expand its landbank, diversify partnerships, and strengthen its ESG leadership as part of its long-term strategy to shape Sabah's property landscape. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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