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25 May, 2022
Matrix Concepts posts all-time high RM1.3bil in FY2022 property sales and proposes a bonus share issue to increase share base and trading liquidity.
FY2022 was a year of milestones for us. Record new property sales of RM1.3 billion, strong take-up rates across our Sendayan launches, and a proposed bonus share issuance to broaden our investor base and reward shareholder confidence. While revenue was impacted by the movement control orders of 2021, our sales momentum tells a more complete story of where we are headed. We remain committed to growing steadily and sustainably, and sharing that growth with our shareholders. Find out more about our developments and investment story.
Matrix Concepts Holdings Bhd achieved a record RM1.3 billion in new property sales for FY2022, surpassing the previous year’s RM1.2 billion. The strong performance was driven by robust demand for affordable-premium homes in its flagship Sendayan development, with more than 60% of homes sold priced below RM500,000.
The company also proposed a one-for-two bonus share issue to enhance trading liquidity, subject to shareholders’ approval.
Despite the record sales, Matrix Concepts reported lower annual revenue and net profit due to construction disruptions caused by the Movement Control Orders (MCO) in 2021. Nevertheless, the group remains encouraged by the strong sales momentum and continued demand for its residential projects.
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