Update Matrix declares 10 sen dividends after recording strong 3Q results

by **Cals** Tue 19 Nov 2013, 17:47

Update Matrix declares 10 sen dividends after recording strong 3Q results

Business & Markets 2013

Written by Ho Wah Foon of theedgemalaysia.com

Tuesday, 19 November 2013 13:32

KUALA LUMPUR (Nov 19): Matrix Concepts Holdings Bhd posted a net profit of RM36.2 million for the third quarter to September 2013, which resulted in earnings per share of 12.1 sen.

This was achieved on the back of a revenue of RM127.4 million, Bursa Malaysia was told.

There were no comparable figures a year ago as this property company was listed this year.

For the nine months to September, total profits stood at RM112.2 million while revenue totalled RM430.3 million.

The company declared an interim dividend of 5 sen and a special dividend of 5 sen. The dividends will be paid to the shareholders in Jan13, 2014.

Together with the first and second interim dividends of 10.1 sen and 5.3 sen (net of tax) paid earlier, the group has declared total net dividends of 25.4 sen.

In a separate press statement, the company said: “Our positive performance in 9M13 is reflected in the rising take-up of our industrial properties and residential projects.”

It said its Sendayan TechValley industrial park, located within the vicinity of its Bandar Sri Sendayan township development, has attracted RM2.7 billion worth of foreign investments.

For its nine months to September, Matrix Concepts recorded RM119.6 million revenue from sales of industrial properties, or 49.9% higher than RM79.8 million for the entire FY2012.

On outlook, the company said: “Matrix Concepts’ full year ending 31 December 2013 is set to be an outperformance year, as FY2012 only recorded revenue of RM456.1 million and net profit of RM103.5 million.”