Radium Development Berhad reveals resilient Q3 FYE2023 figures despite minor revenue declines from ongoing projects like R Suites Chancery Residences and Vista Adesa @ Desa Timur. The Group showcases a robust PAT of RM3.05 million, maintaining a solid gross gearing ratio of 0.08 times.
Radium’s strong Q3 results
Recently acquiring land at Old Klang Road, the Group aims for a project launch by H1 2024. Managing Director Datuk Gary Gan Kah Siong highlights plans for two projects in 2023, expressing confidence in the IPO proceeds allocated for a boutique hotel development. The strategic partnership with MyCharge EV Sdn. Bhd. emphasizes their commitment to eco-friendly endeavors.
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