PETALING JAYA: Crescendo Corp Bhd
expects the operating environment to remain challenging due to ongoing geopolitical tensions, global trade and economic uncertainties as well as rising construction costs.
In a filing with Bursa Malaysia, the property development and construction company said it will closely monitor the market situation and implement appropriate measures, where necessary, to mitigate potential impacts on its operations.
“The group will adopt a prudent approach by leveraging on its strategic land bank to develop properties that meet market needs and manage the rising cost.
“We remain focused on strengthening resilience, optimising cost management, and pursuing market responsive development.”
For the first quarter ended April 30, 2026, Crescendo Corp’s net profit surged to RM135.74mil from RM5.21mil in the previous corresponding quarter, while revenue jumped to RM317.87mil from RM65.06mil a year earlier - mainly contributed by a data centre land sale in Bandar Cemerlang Industrial Park.
Going forward, Crescendo Corp said the relatively low overnight policy rate will continue to create a favourable environment for house buyers and investors hence making homeownership more affordable.
“The Government initiatives and steady foreign direct investment inflows into Johor are expected to maintain a healthy demand for the industrial properties in the years ahead.”
