Matrix Concepts posts net profit of RM50.57mil in 2Q

Matrix Concepts’ third Australian project, M333 St Kilda, is a low-density 74-unit apartment located in Melbourne.

KUALA LUMPUR: Property development and investment holding company Matrix Concepts Holdings Bhd’s net profit for the second quarter ended Sept 30, 2022, was marginally lower at RM50.57 million from RM51.8 million posted in the same period a year ago.

Revenue for the period under review declined 7.2 per cent to RM222.35 million compared to RM239.48 million recorded last year.