PETALING JAYA: Property developer Oriental Interest Bhd
is optimistic on delivering another year of positive performance in 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 (1Q26).
Its 1Q26 net profit rose by some 60% year-on-year (y-o-y) to RM25.1mil while revenue climbed 25.3% y-o-y 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.
The company declared an interim dividend of six sen per ordinary share for FY26. The entitlement and payment date will be determined and announced at a later date.
