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KUALA LUMPUR (Jan 27): Country View Bhd (KL:CVIEW) more than doubled its dividend payout for the fourth quarter of the financial year ended Nov 30, 2025 (4QFY2025) after net profit rose 79.37% year-on-year on higher revenue.
The property developer declared a fourth interim single-tier dividend of 13 sen per share, raising its total dividend payout for the full year to 53 sen, compared with 15 sen in FY2024. The latest dividend payout will be paid on March 16.
Net profit for the three-month period came in at RM18.78 million, from RM10.47 million a year ago, said the Johor-based property developer in a bourse filing on Tuesday (Jan 27).
Earnings per share stood at 18.78 sen per share in 4QFY2025, versus 10.47 sen in 4QFY2024.
According to AskEdge data, Country View’s stock is priced the cheapest among its peers, with a price to earnings of 3.9 times. This is well below Maxim Global Bhd’s (KL:MAXIM) 9.2 times and KTI Landmark Bhd’s (KL:KTI) 16.1 times.
Quarterly revenue rose 41.09% to RM83.63 million from RM59.27 million a year before.
The property developer said the improved performance in 4QFY2025 was due to the progress of work for the Aurora Avenue (AA) three-storey semi-detached shops in Aurora Sentral, Iskandar Puteri; the sales of bumi-release units of the AA shops that were at an advanced stage of construction at higher selling prices; and the sales of a plot of commercial land in Taman Nusa Indah, Iskandar Puteri, Johor.
Country View posts record annual earnings and revenue
The stellar quarterly earnings propelled the group’s full-year earnings to a record of RM82.3 million, more than triple the RM25.55 million in FY2024. The group also posted a record full-year revenue of RM379.68 million, up 94.31% from RM195.39 million in FY2024.
Commenting on the property market outlook, the group said the property market in Johor Bahru had experienced continued growth, driven by robust infrastructure developments, increasing foreign and domestic investments and government support to spur economic growth.
Key infrastructure projects including the Gemas-Johor Bahru electrified double-track rail project, coupled with initiatives like the Johor-Singapore Special Economic Zones are set to boost demand for residential, commercial and industrial properties in Iskandar Malaysia, it added.
In addition, increased foreign interest, particularly from Singaporean investors, continues to support the upward trajectory of the real estate sector, especially in Iskandar Malaysia, it said.
“With relatively lower property prices compared to Singapore, the Iskandar Malaysia region remains an attractive destination for both investment and homeownership,“ it added.
Looking ahead, the group expects its revenue and performance for the financial year ending Nov 30, 2026 (FY2026), to be derived from the sales and progress of work of properties in Taman Nusa Sentral, Iskandar Puteri, as well as the sales and progress of work for the Aurora Resort Villas and the AA shops in Aurora Sentral, Iskandar Puteri, Johor.
On Tuesday, Country View shares closed up six sen or 2.07% at RM1.96, giving the group a market capitalisation of RM296 million. The stock has surged 57% over the past one year.
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