24-07-2025
Oriental Interest's net profit rises to RM45.48mil in 3Q
KUALA LUMPUR: Oriental Interest Bhd 's net profit rose to RM45.484 million for its third quarter ended May 31, 2025 (3QF2025), from RM25.233 million a year earlier.
The property development segment continued to be the key growth driver, with revenue increasing by 95 per cent in the current quarter, the group said in a Bursa Malaysia filing today.
Revenue surged to RM305.245 million from RM180.424 million previously.
"This growth was largely attributed to higher revenue recognition from construction progress of ongoing projects, and contributions from newly launched developments,' it said.
Despite ongoing challenges in both the property sector and the broader domestic economy, the group said it continued its upward trajectory in revenue and profitability, underpinned by strong property sales that reflect the quality and value of its developments.
"Looking ahead, the group remains well-positioned for continued growth, supported by unbilled property sales of approximately RM428.14 million as at the end of the reporting financial quarter.
"With healthy bookings and strong sales momentum, the group is optimistic about delivering another year of positive performance in FY2025,' it said. - Bernama
