“Despite recent challenges due to the movement control order, we managed to hit our new sales targets for Q1. This is testament to the right strategies that we have put in place, as well as adaptability to the ever-changing market conditions,” said Matrix Concepts chairman Datuk Mohamad Haslah Mohamad Amin. (pic)
PETALING JAYA: Property developer Matrix Concepts Holdings Bhd recorded a net profit increase of 2% to RM31.7mil for the first quarter (Q1) ended June 30, 2021 from RM31.1mil a year ago on the back of revenue growth of 0.9% to RM163.4mil.
The resilient performance was attributed to robust demand for the group’s affordably priced landed properties, as well as a 15.6% reduction in sales and marketing expenses as a result of cost-effective marketing programmes in adapting to Covid-19 lockdown restrictions.
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