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.
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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.”
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