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[StarBiz] Matrix Concepts Q3 earnings at RM45m

KUALA LUMPUR: Matrix Concepts Holdings Bhd’s reported earnings at RM45.09mil in the third quarter ended Sept 30, 2014, up 24.5% from RM36.20mil a year ago, boosted by higher margins from its sales of residential and commercial development properties.
It said on Monday revenue increased by 16.8% to RM148.81mil from RM127.42mil a year ago. Earnings per share were 10.50 sen compared with 12.10 sen. It rewarded a third interim single tier dividend of 3.75 sen per share.
Matrix Concepts said the group’s sales of residential and commercial development properties commanded a better profit margin as compared to the sales of land a year ago.
“The increase in revenue generated had also caused a corresponding increase in the profit before tax achieved for the current financial quarter under review,” it said.
In the nine months ended Sept 30, 2014, its earnings rose 12.3% to RM126.08mil from RM112.22mil in the previous corresponding period. Its revenue increased by 3.9% to RM447.26mil from RM430.33mil.
On the outlook, Matrix Concepts said the group was focused on the development of its township development projects in Bandar Sri Sendayan in Seremban and Taman Seri Impian in Kluang, Johor.
The group had launched its Hijayu 3A (Phase 3) development project in Bandar Sri Sendayan, Seremban, Negeri Sembilan and Impiana Heights (Phase 1) development project in Taman Seri Impian, Kluang, Johor.
“The group is planning to launch its Hijayu 3A (Phase 4) development project in Bandar Sri Sendayan, Seremban in the fourth quarter of the financial year ending Dec 31, 2014,” it said.
The group had also launched its Matrix Global Schools being its first component in September 2014. Matrix Global Schools comprises of Matrix Private School, Matrix International Pre-School and Matrix Private School expects to open for registration in the first quarter of 2015.