Matrix Concepts Holdings Bhd recorded 20.49% rise in net profit for its financial year ending Dec 31, 2014 (FY14), results to RM182.61 million, from RM151.56 million in FY13. The property developer also posted 4.36% increase in its FY14 revenue to RM598.29 million, from RM 573.3 million in FY13. In a release sent yesterday, Matrix said the better performance was a result of better product mix in the property development segment as well as higher sales recognition for its residential and industrial properties. The group believes the demand for affordable products will remain intact in FY15 and thus target new launches amounting to gross development value RM1 billion in Negri Sembilan and Johor. Matrix also declared a fourth interim dividend of 5.25 sen per share and a special dividend of 1.25 sen per share for FY14.