Lagenda Properties anticipates swifter conversion of sales into revenue, profits

PETALING JAYA: Lagenda Properties Bhd is optimistic that it is positioned for accelerated progress going forward, as construction activities continue to ramp up. In a filing with Bursa Malaysia, the company said it anticipates a swifter conversion of sales into revenue and profits moving forward.

For the third quarter ended Sept 30, 2023, Lagenda’s net profit rose to RM38.77mil from RM35.73mil in the previous corresponding period, mainly due to improvement and contribution from its property development segment as sales conversion improved.