CHIN Hin Group Property Bhd has posted a stellar financial performance for its 1Q FY2025 ended March 31, 2025 with substantial growth across its key financial metrics.
The group’s revenue rose significantly by 56% year-on-year (yoy) during the period under review to RM209.03 mil (1Q FY2024: RM134.21 mil) driven primarily by the group’s Property Development segment.
Its pore-tax profit surged over 150% yoy to RM24.48 mil (1Q FY2024: RM9.71 mil) underpinned by robust revenue growth and enhanced profit margins from on-going projects.
All in all, the Property Development segment was the stand-out performer by having generated a remarkable topline jump to RM187.29 mil from RM25.61 mil in 1Q FY2024.
This impressive performance was attributed to strong contributions from on-going projects, including the Quaver Residences, Ayanna Resort Residences, Avantro Residences, Crown Penang, Residensi Andalan, Dawn KLCC and Aricia Residences.
The said segment also recorded a turnaround with a pre-tax profit of RM26.27 mil from a loss of RM1.21 mil previously, boosted by contributions from recently effective joint venture between the group’s subsidiary Aricia Sdn Bhd and Dawn Sdn Bhd.
Likewise, the Commercial Vehicles and Bodyworks segment reported higher revenue of RM21.74 mil, nearly doubling from RM10.94 mil posted in 1Q FY2024.
This growth reflects increased demand for rebuilt commercial vehicles although higher administrative expenses led to a marginal pre-tax loss of RM640,000 in 1Q FY2025 from a profit of RM610,000 previously.
“Our 1Q FY2025 performance reflects the strength of our strategic focus on high-quality developments and our commitment to operational excellence,” commented Chin Hin Group Property’s group CEO (property development division) Chang Tze Yoong.
“The strong take-up rates of our property development projects underscore the growing market confidence in our offerings and brand.”
Added Chang: “As we move forward, we remain dedicated to delivering value to our stakeholders by launching concept-driven developments and enhancing the customer experience across all touchpoints.”
Following completion of the disposal of its Construction division in November 2024, the group has streamlined its focus to property development and commercial vehicles, of which the Commercial Vehicles and Bodyworks segment recorded improved sales of RM21.7 mil in 1Q FY2025 driven by increased demand for rebuilt commercial vehicles.
At the close of today’s (May 29) market trading, Chin Hin Group Property was unchanged at RM1.12 with 465,100 shares traded, thus valuing the company at RM1.48 bil. – May 29, 2025
