PETALING JAYA: Radium Development Bhd
is actively seeking to expand its land bank while diversifying into the hospitality sector, to drive sustainable growth.
In a statement, group managing director Datuk Gary Gan Kah Siong said these are “integral” to its growth strategy.
“These initiatives strengthen our property development portfolio and are aligned with our commitment to creating long-term sustainable value for our stakeholders, contributing to Malaysia’s urban landscape,” he noted.
For the third quarter ended Sept 30, 2024, Radium’s net profit rose 27.9% to RM4.8mil from RM3.8mil a year earlier, bolstered by expansions, robust sales and “industry recognition”.
It reported a 3.6% increase in revenue to RM48.5mil from RM46.8mil a year ago.
For the nine months just ended, net profit declined to RM7.2mil from RM9.3mil a year earlier while revenue rose to RM106.6mil from RM100mil.
