PETALING JAYA: Lagenda Properties Bhd
remains cautious of geopolitical uncertainties, inflationary pressures and broader external market conditions.
In a statement, the property developer, however, said it expects the overall impact on operations to remain manageable, supported by resilient domestic demand from its affordable housing-focused business model.
For the first quarter ended March 31, 2026, Lagenda’s net profit dipped to RM44.17mil from RM44.59mil in the previous corresponding quarter, while revenue slipped to RM262.12mil from RM264.40mil a year earlier.
Lagenda said the revenue decline was mainly due to lower contributions from the property development segments.
“Nonetheless, it remained the group’s key earnings contributor, contributing approximately 90% of total revenue.”
At the close of trade, Lagenda shares closed at RM1.46, giving the group a market capitalisation of RM1.22bil.
