Radium's Q2 Profit Plunges 80% To RM489,000
Radium's Q2 Profit Plunges 80% To RM489,000
The company said it s cautiously optimistic that the financial performance of the year 2024 to be satisfactory despite challenging economic situations, e.g. the volatility in interest rate, political uncertainty and fluctuations in the prices of the building materials etc. which may have adverse effect on our business operations, financial position and performance.Property developer Radium registered revenue of RM30.6 million net profit off RM489,000 for the second quarter ended, this was however significntly lower from RM2.5 million in profit the company registered in Q2FY23 despite revenue being slightly higher.
房地產開發商Radium在截止的第二季度實現了3060萬馬幣的營業收入，淨利潤達到489,000馬幣。然而，儘管收入略有增加，但公司在Q2FY23註冊的250萬馬幣利潤較低。
Net profit for the 1H also declined from RM5.5 million to RM2.4 million despite reveue being higehr at RM58 million.
1H的淨利潤從550萬馬幣下降到240萬馬幣，儘管收入爲5800萬馬幣。
The company is currently developing the Suite Canselor and Residensi Desa Timur projects, which commenced their main building work during the current period. Compared to the preceding year ended in June, Radium cut down its marketing expenses from RM9.1 million in the same period of the preceding year to RM6.5 million in the current period under
review. This decrease was due to the recognition of advertisement expenses on the group's branding activities to promote its corporate identity in the preceding period.
該公司目前正在開發Suite Canselor和Residensi Desa Timur項目，這兩個項目在當前時期開始主要建設工作。與截至6月份的去年相比，Radium在當前時期的市場營銷費用從去年同期的910萬馬幣削減到650萬馬幣。
此減少是由於在上一期間承認廣告費用用於集團的品牌活動，以推廣其公司形象。
The company said it s cautiously optimistic that the financial performance of the year 2024 to be satisfactory despite challenging economic situations, e.g. the volatility in interest rate, political uncertainty and fluctuations in the prices of the building materials etc. which may have adverse effect on our business operations, financial position and performance.
該公司表示，儘管存在利率波動、政治不確定性以及建築材料價格等因素對業務運營、財務狀況和績效產生不利影響的挑戰，但對2024年的財務表現持謹慎樂觀的態度。