PETALING JAYA: Lagenda Properties Bhd
reported a 6.8% year-on-year revenue growth in its six-month financial period ended June 30, 2025 (1HFY25).
The group recorded revenue of RM503.30mil in 1HFY25, up from RM471.45mil a year earlier.
In a statement, Lagenda said net profit stood at RM89.82mil, a marginal decline of 1.4% compared to RM91.10mil in the corresponding period last year.
For the second quarter ended June 30, 2025 (2Q25), Lagenda reported revenue of RM238.89mil, a slight decline from RM245.83mil in the same quarter last year.
The decrease was mainly attributed to projects nearing completion, including Lagenda Teluk Intan Phase 3B in Perak and Darulaman Lagenda Phases 2 and 3A in Sungai Petani, Kedah, which resulted in lower incremental completion percentages for the quarter.
Net profit eased 6.5% year-on-year to RM45.24mil, primarily due to higher administrative expenses arising from increased staff costs as the group expanded its presence into Johor, Selangor and Pahang over the past year.
Lagenda declared a single-tier interim dividend of 3.0 sen per ordinary share, to be paid on Nov 10.
