Matrix Concepts posts 9.5% growth in FY21 net profit

Matrix Concepts chairman Datuk Mohamad Haslah Mohamad Amin

PETALING JAYA: Property developer Matrix Concepts Holdings Bhd sustained its growth momentum by recording a 9.5% jump in its net profit to RM259.9mil for its financial year ended March 31, 2021 (FY2021), despite the challenging market conditions for the property sector.

The group recorded a net profit margin of 23% for the financial year, among the highest in the property sector, as well as five-year highs in net profit for the past three quarters.