,Matrix Concepts chairman Datuk Mohamad Haslah Mohamad Amin
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KUALA LUMPUR: Matrix Concepts Holdings Bhd, which posted a net profit of RM31.69mil in the first quarter ended June 30, has declared a first interim single tier dividend of two sen per share.
In a filing with Bursa Malaysia, it said its shares will trade ex-dividend on Sept 22, with the dividend to be payable on Oct 7.
Its revenue in the first quarter rose marginally to RM163.43mil against RM162.02mil in the same period last year.
In a statement, Matrix Concepts said the resilient performance was attributed to robust demand for the group’s affordably priced landed properties, as well as a 15.6% reduction in sales and marketing expenses as a result of cost-effective marketing programmes in adapting to Covid-19 lockdown restrictions.
The group has secured new property sales of RM300.9mil in the first quarter, and is on track to meet its sales target of RM1.2bil for FY2022.
Its unbilled sales rose to RM1.04bil as at June 30 against RM1.02bil as at the financial year ended March 31, 2021, providing earnings visibility over 12 to 15 months.
Encouraged by the healthy demand of its properties, Matrix Concepts intends to launch RM1.6bil worth of properties for FY2022, up from RM1bil in FY2021.
It said new projects in Sendayan Developments, Negeri Sembilan would make up 65% of the total launches, while Kuala Lumpur and Johor will contribute 25% and 10% respectively.
Chairman Datuk Mohamad Haslah Mohamad Amin said the group was in a “sweet spot of catering to the mass market’s needs”.
“Based on our booking trends, we are seeing strong demand for our affordable landed homes and are looking to satiate this with more launches going forward.
“Despite recent challenges due to the movement control order, we managed to hit our new sales targets for 1Q22. This is testament to the right strategies that we have put in place, as well as adaptability to the ever-changing market conditions,” he said.
Haslah said the group aimed to expedite its construction activities, once restrictions are lifted, and replicate a swift return to its original development schedule, a feat which it achieved previously, six months after the initial lockdowns in 2020.
“Against this backdrop, we are confident of maintaining robust property sales as well as earnings performance for FY2022,” he added.