Strong earnings visibility for Matrix Concepts

Growth trajectory: Mohamad Haslah (right) with Matrix Concepts’ founder and group executive deputy chairman Datuk Seri Lee Tian Hock. The company has established a robust foothold in Negri Sembilan, the Klang Valley and Johor, while also extending its influence globally with successful ventures in Indonesia and Australia.

PETALING JAYA: Matrix Concepts Holdings Bhd’s unbilled sales of RM1.2bil as at Dec 31, 2023 will provide solid earnings visibility for the group when recognised over the next 15 to 18 months.

Matrix said it registered new property sales of RM345.3mil for the third quarter ended Dec 31, 2023 (3Q24) compared to RM340.3mil in 3Q23, with its flagship Sendayan Developments project in Seremban contributing RM231.1mil of the amount.