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[NST] Matrix’s Q3 pre-tax profit jumps

KUALA LUMPUR: Matrix Concepts Holdings Bhd’s pre-tax profit for the third quarter ended Sept 30, 2014 rose to RM58.45 million from RM48.74 million in the same quarter last year.

Revenue increased to RM148.82 million from RM127.42 million previously, among others spurred by steady billings in tandem with construction progress.

The property developer launched two projects in the third quarter with total gross development value of (GDV) of RM145.5 million.

The projects comprised landed residential properties at Bandar Sri Sendayanin Seremban (Negeri Sembilan) and Taman Seri Impian in Kluang (Johor).

With the new launches, the total projects launched to-date for 2014 amounted to GDV of RM559 million.

Its chairman, Datuk Mohamad Haslah Mohamad Amin, said the new launches received encouraging response with take-ups of over 30 per cent within weeks.

“As a matter of fact, all our new launches in 2014 have achieved more than 70 per cent take-up rate,” he said in a statement today.