KTI Landmark Bhd group managing director and CEO Datuk Dr Gordon Loke
KUALA LUMPUR: Sabah-based integrated property developer KTI Landmark Bhd plans to expand its property development business by acquiring land for future projects.
The move aims to reinforce its market presence and solidify its position as an established developer in Sabah.
As at Dec 31, 2024, KTI recorded a strong sales performance of RM267.8mil and order book of RM214.4mil.
“The record RM267.8mil sales achieved in 2024 and the construction order book of RM214mil will provide earnings visibility to KTI Group for the next two years,” group managing director and CEO Datuk Dr Gordon Loke said in a statement.
In the fourth quarter ended Dec 31, 2024 (4Q24), KTI posted a net profit of RM9.1mil, or earnings per share of 1.13 sen, bringing its full-year (FY24) net profit to RM8.5mil, or 1.29 sen.
Its revenue stood at RM66mil in 4Q24, lifting full-year revenue to RM175.3mil.
KTI declared dividends of RM2.4mil, or 0.3 sen per share, which equates to a 28% payout on FY24 net profits.
The interim dividend of 0.3 sen per share with an entitlement date of March 17, is to be paid on March 27.
