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- “The group remains cautiously optimistic of its prospects, supported by the robust demand for its projects which are strategically located and offer strong value propositions aligned with market needs,” Avaland chief executive officer Apollo Bello Tanco said.
KUALA LUMPUR (Aug 20): Avaland Bhd (KL:AVALAND) expects stronger earnings in the coming months from its newly-launched developments after a weaker second quarter.
The property developer has launched three projects with a combined gross development value (GDV) of RM502 million and aims to launch another RM398 million worth of projects in the remainder of the year, Avaland said in a statement.
“These launches are expected to drive the next phase of the group’s growth,” the company said.
Net profit for the three months ended June 30, 2025 (2QFY2025) more than halved to RM10.29 million compared to the same quarter a year earlier, on lower billings from recently completed projects.
Revenue for the quarter was down 43% year-on-year (y-o-y) to RM124.06 million as newly launched developments are still in the early stages of sales and construction.
Still, a special single-tier dividend of 0.50 sen per share will be payable on Sept 30 with an ex-date of Sept 12, according to an exchange filing. The dividend follows completion and handover of four projects with gross development value totalling RM1.7 billion, Avaland said.
“The group remains cautiously optimistic of its prospects, supported by the robust demand for its projects which are strategically located and offer strong value propositions aligned with market needs,” Avaland chief executive officer Apollo Bello Tanco said in a statement.
For the first half of 2025, net profit totalled RM42.77 million, down 29% when compared to the same six-month period a year earlier. Revenue, meanwhile, fell 30% y-o-y to RM303.58 million. New sales amounted to RM354.7 million versus RM476.3 million in the corresponding period of 2024.
Avaland has unbilled sales of RM797 million as of end-June. The company’s existing landbank measures 184 acres across the Klang Valley, with an estimated GDV of RM12 billion.
Still, Tanco said Avaland will continue to “actively explore new opportunities in high-growth and strategically located areas” across Malaysia. “This approach is aimed at securing prime sites that align with our goal to ensure a robust pipeline of projects,” he added.
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