RM1,065.7M RM2,109.1M RM1,931.0M – RM133.2M RM43.0M RM254.4M RM522.4M – PROJECT HIGHLIGHTS In FY2024, Matrix successfully launched 2,209 property units with a cumulative value of RM1.32 billion (FY2023: RM1.27 billion). As at 31 March 2024, the average take-up rate across all projects was 81.1% and total unbilled sales registered RM1.28 billion, enabling strong revenue and earnings for the Group going forward. During the financial year under review, the GDV of ongoing projects registered RM2.76 billion (FY2023: RM3.16 billion), representing a decrease of 12.7% compared to the previous financial year as construction pace has improved significantly with the intake of new workforce at its construction sites. These comprise projects in Sendayan and other parts of Negeri Sembilan, Johor and other locations including Australia. MANAGEMENT DISCUSSION & ANALYSIS FY24 OPERATIONS REVIEW NEW PROPERTY SALES RM1.2 bil AVERAGE TAKE-UP RATE (UNITS) 81.1% UNBILLED SALES* RM1.3 bil TOTAL LANDBANK: 2,032.0 acres TOTAL GDV: RM11.7 bil* * Not including future Indonesia developments of RM2 billion GDV PROJECTS LAUNCHED NS DEV NS DEV NS DEV JOHOR DEV JOHOR DEV JOHOR DEV OTHERS OTHERS OTHERS ONGOING PROJECTS PROJECTS COMPLETED # Not including completed Menara Syariah of RM1 billion GDV FY24 RM1,320.1m FY24 RM2,764.7m FY24 RM1,974.0m KEY MESSAGES MATRIX CONCEPTS HOLDINGS BERHAD 46
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