Matrix Concepts' Kulai project to deliver RM47.3mil annual profit from FY29
Photo: New Straits Times
KUALA LUMPUR: Matrix Concepts Holdings Bhd's proposed RM2.1 billion mixed development in Kulai, Johor, could generate an average annual net profit of RM47.3 million from financial year 2029 (FY29), Hong Leong Investment Bank Bhd (HLIB) said.
From the original report
Analyst Tan Kai Shuen said the potential contribution would account for 15.4 per cent of HLIB's FY29 earnings forecast, assuming an eight-year development period and an 18 per cent net profit margin.
However, actual contributions would depend on launch timing, sales performance and construction progress, with earnings likely to be lower in the initial years.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
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About this story
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- New Straits Times
- Originally published
- Oct 28, 2026
- Updated here
- Oct 28, 2026
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- Malaysia Times desk (brief) — reporting by the source
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