Meanwhile, Lagenda noted that its property development segment’s revenue increased 5.52% to RM210.26 million in the current quarter under review from RM199.27 million. “The increase in revenue generated from property development was mainly due to the acquisition of a property development subsidiary namely Mexitanah Sdn Bhd which was completed during the preceding quarter,” it said. The group declared a second interim dividend of 3.5 sen per share, to be paid on April 11, with an ex-date of March 24. For the full year (FY21), Lagenda posted a 42.29% increase in net profit to RM200.49 million from RM140.9 million as its revenue improved by 20.02% to RM835.55 million from RM696.15 million. Lagenda’s share price closed three sen or 2.03% lower at RM1.45, giving the group a market capitalisation of RM1.21 billion.

Source: The Edge Markets February 22, 2022 23:56 UTC