Lagenda Properties Berhad has released its third quarter financial results reporting a revenue of RM217.9 million, an increase of 21% compared to RM180.7 million achieved in the corresponding period of the previous financial year (“3Q
2022”).
The group said the uptick was from heightened construction activities and sales conversion from various projects, profit after tax and minority interest (“PATAMI”) during the quarter was RM38.8 million as compared to RM35.7 million in 3Q2022.
Confirmed sales for the first nine months of the year reached RM796 million, marking a remarkable 44% increase from the same cumulative period of the previous year and surpassing the total confirmed sales for the entire financial year 2022. Unbilled sales as at 30 September 2023 amounted to RM855.1 million providing visibility in the coming quarters, while bookings of RM297.0 million provide a robust pipeline for future sales.
