PETALING JAYA: Property developer Oriental Interest Bhd
is optimistic on delivering another year of positive performance in the financial year 2026 (FY26 ending Aug 31).
The company said its optimism is supported by unbilled property sales of approximately RM557.27mil as at the end of its first quarter ended Nov 30, 2025 (1QFY26).
Its 1QFY26 net profit rose by some 60% year-on-year (YoY) to RM25.1mil while revenue climbed 25.3% YoY to RM170mil.
"Growth was mainly driven by the stronger performance of the property development segment, which remained its primary revenue contributor. Revenue from the property development segment rose by 47% to RM153.66mil, supported by higher progress billings from both ongoing and newly completed projects," it said.
It was also the same for profit as this had seen improvement that was largely attributable to the property development segment, which recorded a 56% increase in pretax profit to RM37.49mil, on higher revenue and improved project margins.
The company declared an Interim dividend of 6 sen per ordinary share for the financial year ending Aug 31, 2026. The entitlement and payment date will be determined and announced at a later date.
