KUALA LUMPUR: Matrix Concepts Holdings Bhd posted a higher net profit of RM62.9 million in the first quarter ended June 30 compared with RM60.7 million a year earlier, supported by lower selling and marketing expenses as well as a reduced effective tax rate. Revenue for the quarter rose 1.6 per cent to RM284.3 million, mainly driven by stronger contributions from its property development division, which recorded RM268.3 million. This was underpinned by steady performance from the group”s flagship Bandar Seri Sendayan development in Seremban and its high-rise project, Levia Residence. Matrix Concepts said residential and commercial properties remained the main revenue drivers, accounting for 94.4 per cent of total revenue. The group also recorded new property sales of RM381.5 million, bringing unbilled sales to RM1.5 billion. This provided earnings visibility over the next 15 to 18 months. Looking ahead, Matrix Concepts said it remains confident of sustained growth, anchored by resilient demand and future launches under its Malaysia Vision Valley development in Negri Sembilan. The company declared a first interim dividend of 1.75 sen per share for the financial year ending March 31, 2026, payable on Oct 9,2025. Chairman Datuk Mohamad Haslah Mohamad Amin said the strong sales performance during the quarter demonstrates the group”s ability to seize market opportunities. “As we build on nearly three decades of proven success, we are now entering a defining moment, evolving our business model to unlock new horizons of growth,” he said.