Matrix Concepts bullish on outlook

Chairman Mohamad Haslah said the positive performance of the group in 3Q23 is a testament to its resilience in managing the challenges faced in the property sector.

PETALING JAYA: Property developer Matrix Concepts Holdings Bhd posted a 56.1% year-on-year (y-o-y) revenue growth to RM363.8mil in its third fiscal quarter for financial year 2023 Dec 31 (3Q23), supported by recognition from the group’s recently completed The Chambers, Kuala Lumpur and M. Greenvale, Australia projects.

Group gross profit for 3Q23 improved 10.7% y-o-y to RM150.7mil compared to RM136.2mil previously, driven by the higher turnover.