KUALA LUMPUR: Oriental Interest Bhd
is set for sustained growth, supported by unbilled property sales of RM546.49mil from its ongoing projects as of the end of the reporting financial quarter.
“Based on the on-hand bookings and sales momentum, the group is optimistic about delivering another set of positive results for the financial year ending Aug 31, 2025 (FY25),” the property developer said during its financial results.
In the first quarter ended Nov 30, 2024, Oriental Interest recorded a slightly lower net profit of RM15.7mil compared to RM15.8mil in the same quarter last year. Revenue for the period rose to RM135.7mil against RM125.8mil a year prior.
Oriental Interest said despite significant challenges in both the property sector and the broader economy, the group has sustained its upward trend in revenue and pretax profit, driven by strong property sales that underscore the quality and value of its offerings.
The group currently holds 2,995 acres of strategic development plots of land (including land banks under landowners and developer agreements), which will support the future growth of its property development activities.
