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Radium Development Declares RM1.00 Single-Tier Dividend To Shareholders

KUALA LUMPUR: Radium Development Bhd (RDB) (Radium) has declared the first single-tier interim dividend of 1.00 sen per share to its shareholders following a year of positive earnings growth and strategic accomplishments.

With a focus on financial prudence and strategic growth initiatives, Radium Development Bhd remains at the forefront of the property development sector in Malaysia.

The property developer, in a statement, said the dividend was for the financial year ending December 31, 2024 (FY24), reflecting the company’s robust revenue growth and unwavering commitment to delivering value to its shareholders.

Radium reported an unaudited profit before tax (PBT) of RM19.80 million for FY23, showcasing the company’s ability to generate substantial earnings amidst a competitive market landscape.

The company is also maintaining a low gross gearing ratio of 0.05 times, which underscores RDB’s prudent financial management practices and solid financial foundation, positioning the company for sustained growth and stability in the property development sector.

Group managing director Datuk Gary Gan Kah Siong said the company’s successful financial performance and strategic investments have enabled it to not only meet commitments but also reward shareholders for their continued support.

“The announcement of the first single-tier interim dividend reaffirms RDB’s financial strength and capacity to deliver sustainable value to its stakeholders.

“With a focus on financial prudence and strategic growth initiatives, RDB remains at the forefront of the property development sector in Malaysia,” he said in a statement.

RDB’s strategic land acquisition at Old Klang Road and successful project launches such as Vista Adesa @ Desa Timur and Radium Adesa @ Desa East Residences have been pivotal in driving growth and enhancing shareholder value.

The high take-up rates for Vista Adesa and Radium Adesa projects, at 60 per cent and 78 per cent respectively, demonstrate strong market demand and confidence in RDB’s developments.

The alignment of the Vista Adesa project with the government’s homeownership strategy, supported by the Housing Credit Guarantee Corporation (HCGS) loan programme, highlights RDB’s strategic partnerships and commitment to providing accessible property solutions.

Furthermore, RDB’s collaboration with MyCharge EV Sdn Bhd to integrate electric vehicle (EV) chargers in its developments showcase the company’s dedication to environmental sustainability and innovation.

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