Matrix Concepts posts fourth straight quarter of growth

TheStar Thu, Feb 20, 2020 02:27pm - 4 years View Original


Matrix Concepts said the group’s core objective remains on enhancing its township developments of Bandar Sri Sendayan, Ara Sendayan and Tiara Sendayan (Sendayan Development) in Negeri Sembilan and Bandar Seri Impian (BSI) in Kluang, Johor.

KUALA LUMPUR: Township developer MATRIX CONCEPTS HOLDINGS BHD reported its fourth consecutive quarter of growth in bottomline, with net profit in the three month ended Dec 31, 2019 rising 34.4% to RM65.3mil from RM48.6mil previously.

Revenue for the quarter was RM279mil.

The group’s net profit for the nine months ended Dec 31, 2019 surged 17.8% to RM178.7mil from RM151.7mil in the previous corresponding period.

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