AME Elite bullish over achieving RM250mil sales target

NST Wed, Sep 28, 2022 07:45pm - 2 months View Original


The company said the sales target was higher than RM168.4 million recorded in the previous financial year.

KUALA LUMPUR: AME Elite Consortium Bhd is optimistic in achieving its target industrial property sales of RM250 million for its financial year ending March 31, 2023 (FY23), on the back of increasing foeign and domestic direct investments into its industrial parks. 

The company said the sales target was higher than RM168.4 million recorded in the previous financial year.

AME had secured RM64.8 million in new sales and RM124.6 million in bookings in the first quarter ended June 30, 2022. 

Both sales and bookings were for its customised industrial park properties. 

Managing director Kelvin Lee Chai said AME had grown commendably as the company gained international reputation for its award-winning and sustainable industrial parks. 

He said the parks were increasingly sought after by prominent organisations seeking a reliable and growth-ready place for operations in the region.

"Our improved sales achievement in FY22 even in the midst of international border closures speaks volumes of the immense demand for well-managed integrated industrial parks. 

"Additionally, Johor where our industrial parks are currently located, has been recipient of the highest approved investments via FDI in Malaysia in the first half of 2022, further reinforcing our prospects.

"With Malaysia's international borders reopened since April 2022, we are seeing an uptrend in enquiries as well as investments from Malaysia and across Asia including China and Singapore. We are confident that this will enhance our prospects for FY23," he added. 

On Sept 27, AME declared a special single tier dividend of 1.0 sen per share in respect of FY23 to reward its shareholders. 

The ex-date and payment date are scheduled on Oct 12 and Oct 28 respectively.

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