PETALING JAYA: Negri Sembilan township developer Matrix Concepts Holdings Bhd is on track to exceed the previous year’s record net profit, after recording a 10% jump in net profit to RM113.4mil in the first half ended Sept 30, 2019.
The group said the improved performance was underpinned by a 9.9% year-on-year increase in revenue to RM531.2mil, on the back of higher recognition from sales of properties at Sendayan Development, its flagship township, Bandar Seri Impian, and its high-rise property development Chambers Kuala Lumpur.