PETALING JAYA: Crescendo Corp Bhd
has posted a lower profit of RM70.28mil for the third quarter ended Oct 31, 2025 compared to the RM101.28mil posted in the same quarter last year.
In a filing with Bursa Malaysia, the Johor-based property developer said this was on the back of a lower revenue for the quarter, which was RM217.44mil.
Its property development and construction segment’s revenue for the quarter was lower at RM201.73mil compared to RM202.7mil for the same quarter of 2024.
This segment remains the largest contributor to the group’s topline and bottomline.
On a cumulative nine months basis, Crescendo’s revenue stood at RM362.76mil compared to RM1.07bil for the same period in 2024.
Subsequently, profit was registered at RM93.70mil compared to RM523.72mil.
On its outlook, the developer said it is optimistic about the property market’s outlook in Johor, particularly due to infrastructures like the Johor Bahru- Singapore Rapid Transit System Link and the Johor Singapore Special Economic Zone .
“In our effort to continue developing landed properties, we plan to launch 167 units of mid to high-end market landed residential properties at Bandar Cemerlang and 24 units of semi-detached factories at Bandar Cemerlang Industrial Park with a total gross development value of RM289mil within the next one year,” it noted.
Crescendo said it focus on strengthening resilience while optimising cost management and pursuing market responsive development.
“We will adopt a prudent approach by leveraging on its strategic land bank to develop properties that meet market needs and manage the rising cost as a result of minimum wage adjustments, subsidy rationalisation for fuel and electricity and the expansion of service tax scope,” Crescendo said.
In addition to that, the cut in overnight policy rate by Bank Negara Malaysia will create a favourable environment for house buyers and investors, making home ownership more likely for many.
It declared a special single tier dividend of six sen per share payable on Feb 10, 2026.
