KUALA LUMPUR (Aug 24): Matrix Concepts Holdings Bhd's net profit dropped 12% to RM45.55 million in the first quarter ended June 30, 2017 (1QFY18) from RM51.92 million a year earlier as revenue fell on lower property development income.
Matrix Concepts told Bursa Malaysia today that higher selling and marketing expenses and finance cost also curbed profit growth. Matrix Concepts said group revenue was lower at RM172.86 million versus RM196.23 million.
The group announced a dividend of 3.25 sen a share for the quarter in review.
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