REVENUE RM1,344.1m YoY Growth 20.8% PROFIT BEFORE TAX RM332.4m YoY Growth 27.5% NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS RM244.3m YoY 17.9% FY24 DIVIDEND PER SHARE 10.0 sen TOTAL DIVIDEND PAY-OUT RM125.2m 50.9% of FY24 PAT NET GEARING RATIO: Net Cash REVENUE BY SEGMENTS (RM) Klang Valley RM14.5m 83.5% YoY Johor RM45.1m 35.6% YoY Negeri Sembilan RM1,235.6m 47.0% YoY Other Business Units RM44.6m 10.6% YoY Australia RM4.3m 94.3% YoY REVENUE BY TYPE (RM) Commercial & Industrial RM77.2m 34.5% YoY Residential RM1,222.3m 20.4% YoY Other Business Units RM44.6m 10.7% YOY REVENUE Our strategic diversification and focus on key growth areas have resulted in a commendable financial performance. In FY2024, Matrix achieved total revenue of RM1.34 billion, representing an increase of 20.8% compared to revenue of RM1.11 billion in FY2023. Notably, the Group’s flagship Sendayan Developments, demonstrated exceptional growth, contributing substantially to the overall revenue increase. This flagship development registered a significant 47.6% increase in revenue to RM1.24 billion from RM838.0 million in the previous financial period, reflecting the continued strong demand for the township’s offerings. However, the revenue uptrend was slightly offset by a decline in revenue contribution from its Australian and Klang Valley property development activities, attributable to the completion of M. Greenvale and standalone, boutique development of The Chambers in the previous year. Breaking down revenue by product type, residential properties exhibited a notable improvement of 20.4%, generating revenue of RM1.22 billion for FY2024 compared to RM1.02 billion in the corresponding previous financial year. Commercial and industrial properties also experienced an increase of 34.5% in revenue to RM77.2 million from RM57.4 million in FY2023. Additionally, other business units, namely Healthcare, Hospitality and Education, collectively recorded a total revenue of RM44.6 million in FY2024 compared to RM40.3 million in FY2023. This was however, supported by the education unit’s improved operational performance due to the steady increase in student enrolment over the past 12 months. IN FY2024, MATRIX ACHIEVED TOTAL REVENUE OF RM1.34 BILLION, REPRESENTING AN INCREASE OF 20.8% COMPARED TO REVENUE OF RM1.11 BILLION IN FY2023. MANAGEMENT DISCUSSION & ANALYSIS FY24 FINANCIAL HIGHLIGHTS Bayu Sutera Entrance Statement KEY MESSAGES 41 INTEGRATED ANNUAL REPORT 2024
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