Vista Adesa by Radium Development
Radium Development Berhad announced strong Q1 FYE2024 results, with revenue of RM27.53 million and a Profit After Tax of RM2.33 million. The company reported a low gross gearing ratio of 0.03 times, highlighting financial stability.
Key initiatives include the acquisition of land at Old Klang Road for a RM500 million project, and the development of a 145-room boutique hotel in Ampang, financed by RM109.3 million IPO proceeds.
Read More Business News
Their projects, Vista Adesa and Radium Adesa, have high take-up rates of nearly 60% and 82%, respectively. Additionally, Radium was recognized at the StarProperty Awards 2024 and formed a sustainability-focused partnership with MyCharge EV Sdn. Bhd. to install EV chargers in its developments.
“Our land acquisition and foray into the hospitality sector demonstrate our commitment to expanding our footprint and diversifying our revenue streams,” says Datuk Gary Gan Kah Siong, Group Managing Director of Radium Development Berhad. “We are actively exploring new avenues to enhance our offerings and create long-term value for our stakeholders.”
Malaysian businesses prepare for US-Iran tensions by strengthening risk strategies to ensure stability amid potential…
The US will impose 10% to 12.5% tariffs on 60 trading partners over forced labor…
KIPREIT posts record FY26, strong outlook with Setapak Central acquisition, AEIs, and rental reversions supporting…
Analysts expect cautious trading in KLCI today due to Wall Street declines, new tariffs, and…
Rystad warns oil prices hinge on resilience of flows, with escalation risks tightening markets and…
PETRONAS-Eni joint venture Searah has secured a US$6 billion syndicated revolving credit facility to accelerate…
This website uses cookies.
