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[StarBiz] Matrix profit rises on steady billings

KUALA LUMPUR: Matrix Concepts Holdings Bhd’s pre-tax profit for the third quarter ended Sept 30, rose to RM58.45mil from RM48.74mil a year earlier.

Revenue increased to RM148.82mil from RM127.42mil 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 (GDV) of of RM145.5mil.

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

With the new launches, the total projects launched to-date for 2014 amounted to GDV of RM559mil.