KTI Landmark Berhad has recorded a strong sales performance of RM230 million and order book of RM250.0 million from January to November this year.

Datuk Dr Gordon Loke Group Managing Director and CEO of KTI, said the record sales represents an impressive jump of 55.6% from RM102.9 million sales recorded since its listing in June.

"The record RM230.0 million sales achieved in the first 11 months of 2024 has also surpassed our year 2023 sales of RM132.9 million. The sales will provide earnings visibility to KTI Group for the next two years," he added.

The sales were recorded from its on-going projects namely Shorea and Astoria at The Logg in Kota Kinabalu, Kayana Heights and Araya Gardens at Ayuria Place in Alamesra, Residensi Seri Akasia and Plaza Lemawang 2 in Tuaran and Taman Seraya in Sandakan.

KTI had today announced its third quarter ("3QFY24") and nine-month ("9MFY24") financial results ended 30 September 2024.

For 3QFY24, the Company posted 44.7% increase in revenue to RM53.0 million from RM29.3 million in 2QFY24 due to improved sales recorded from Plaza Lemawang 2 and Kayana Heights projects.

Quarter-on-quarter (QoQ), its profit after tax increased 87.6% to RM1.0 million from RM1.9 million loss after tax recorded in 2QFY24 due to the non-recurring listing expenses of RM2.3 million.

For the cumulative 9MFY24, KTI recorded RM0.5 million loss after tax, on a revenue of RM109.3 million.  

No comparative figures were available as it was the third interim financial report released by the Company in compliance with the listing requirements.