KUALA LUMPUR (March 21): Radium Development Bhd announced the declaration of a first single-tier interim dividend of one sen per ordinary share for the financial year ending on Dec 31, 2024.
Radium stated in a media release that this reflected “the company’s robust revenue growth and unwavering commitment to delivering value to its shareholders”.
The company has reported an unaudited profit before tax (PBT) of RM19.80 million for the full fiscal year FYE2023.
This showcased “the company’s ability to generate substantial earnings amidst a competitive market landscape”, Radium stated in a media release.
Radium also maintained a gearing ratio of 0.05 times, underscoring its “prudent financial management practices and solid financial foundation, positioning the company for sustained growth and stability in the property development sector”.
Radium’s land acquisition at Old Klang Road and project launches such as Vista Adesa @ Desa Timur and Radium Adesa @ Desa East Residences have been driving growth and enhancing shareholder value.
“The high take-up rates for Vista Adesa and Radium Adesa projects, at 60% and 78% respectively, demonstrate strong market demand and confidence in Radium’s developments,” stated the company.
“The alignment of the Vista Adesa project with the government’s homeownership strategy, supported by the Housing Credit Guarantee Corporation loan programme, highlights Radium’s strategic partnerships and commitment to providing accessible property solutions,” it added.
“Our successful earnings performance and strategic investments have enabled us to not only meet our commitments but also reward our shareholders for their continued support,” said Datuk Gary Gan Kah Siong, group managing director of Radium Development.
“The announcement of the first single-tier interim dividend reaffirms Radium’s financial strength and capacity to deliver sustainable value to its stakeholders. With a focus on financial prudence and strategic growth initiatives, Radium remains at the forefront of the property development sector in Malaysia,” he added.
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Source: EdgeProp.my
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