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Niche developer Matrix Concepts posts 24.5% rise in Q3 earnings

Published Mon, Nov 17, 2014 · 09:50 PM
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Kuala Lumpur

BUCKING the trend among its peers, Malaysian property developer Matrix Concepts Holdings reported a 24.5 per cent jump in third-quarter earnings to RM45.1 million (S$17.5 million) on the back of RM149 million in sales. For the nine months to end-September 2014, the developer's earnings rose 13 per cent to RM126.1 million.

Matrix Concepts' relatively robust performance indicates that niche developers such as Matrix, which concentrate on affordabl…

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