In the first 9 months of this fiscal year, the performance reached a new high, and the Sena beauty industry is even more prosperous in the next fiscal year.

Tan Sri Azmi Maricane, the managing director of Sinaran Everhart Industries, expressed during today's online performance briefing that the company currently has multiple projects waiting to be launched, continuously diversifying industries such as industrial and residential projects to strengthen the business development.

He is optimistic about the performance in the 2025 fiscal year, and will continue to drive projects or acquire quality assets to increase recurring revenue.

"Our goal is to transform from a company focused on property development into a comprehensive industrial company."

When asked about the slight decline in performance compared to the previous period, Azmi Maricane stated that the planned strategies are for the whole year, not just focusing on quarterly performance, therefore, there are no specific strategies quarterly.

He mentioned that there are indeed non-core land banks ready for divestment, including those deviating from the Klang Valley and the Klang Valley area, but everything is subject to market conditions and demand.

"If the market conditions improve and the price is reasonable, we will divest. Everything is still to be explored by the team, but there is currently no specific divestment strategy."

On another note, due to frequent complaints of flooding from over 10 garden residents in Bukit Jelar, Klang, Azmi Maricane pointed out that as a responsible developer, they will discuss the issues with relevant authorities, which is also one of the company's top priorities.

The company will actively seek out the causes of the water disaster and will also make every effort to solve the problem. In addition to strengthening barriers, they will also explore the drainage direction.

We will cooperate with relevant units to solve the water disaster, which is one of our top priorities.

On the 16th of this month, about 100 representatives from over 10 garden residences in Bukit Jalil town peacefully petitioned, demanding the state government, local authorities, and developers to promptly address the water disaster issue, such as accelerating flood control projects.

Local residential association representatives revealed that Bukit Jalil town has been flooding repeatedly since the major flood at the end of 2021, occurring on average every six months, with two incidents already happening this year.

Additionally, as one of the joint owners of the Battersea Power Station project, Azmi Malek disclosed that currently all indicators are quite positive, but complete recovery still depends on the economic trends in the United Kingdom.

In the first 9 months of this fiscal year, the Battersea project saw a 16% year-on-year increase in foot traffic to 9.4 million people, with growth in retail store sales as well.

It is worth noting that residential property sales have increased to 61%, while the office building occupancy rate has reached 45% by the end of September, an increase of 25 percentage points compared to the first half of the year.

He said that the remaining floors of the office building still have strong demand, and it is expected that a large number of tenants will fill the vacancies by the second half of the 2025 fiscal year.

However, he quickly changed the subject, pointing out that despite all indicators rising, the overall performance still relies on the economic trends in the United Kingdom.

"It may take a while for the United Kingdom to truly recover, and interest rates have not yet returned to normal levels, which may impact consumer spending and the performance of the Baltic Sea project."

Also present at today's briefing was the Chief Financial Officer, Liu Suiqing.