Radium Development: Strong Q4 Results and Strategic Initiatives
Radium Development Bhd delivered a robust Q4 FYE2023 performance with RM28.27 million revenue and RM15.77 million profit before tax (PBT), maintaining a low gross gearing ratio of 0.05 times. Strategic acquisitions, like the land at Old Klang Road with a RM500 million GDV, signal growth.
Successful project launches, including R Suites Chancery Residences and Vista Adesa @ Desa Timur, showcase market acceptance. A strategic alliance with MyCharge EV Sdn. Bhd. for EV Chargers installation aligns with environmental sustainability goals.
Radium Development – Diversification
The Group’s focus on diversification includes a boutique hotel development in Ampang and plans for EV Chargers at Vista Sentul Residences.
Vista Adesa project’s success underscores Radium’s commitment to affordable housing and government objectives. Overall, Radium Development Berhad exhibits resilience and forward-thinking in navigating the property development landscape.
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