Matrix Concepts Pre-tax Profit Rises To RM58.6 Million In Q2

KUALA LUMPUR, Aug 19 (Bernama) -- Property developer Matrix Concepts Holdings Bhd's pre-tax profit increased to RM58.550 million for the second quarter ended June 30, 2014 from RM40.588 million chalked up in the same quarter last year.

Revenue rose to RM163.747 million during the period under review from RM147.322 million registered previously.

Matrix declared a second interim single-tier dividend of 3.75 sen per ordinary share for the 2014 financial year.

In a filing to Bursa Malaysia, the company said the improved financial performance was due to higher sales of residential and industrial properties.

-- BERNAMA