In a filing with Bursa Malaysia today, it said revenue declined to RM867.10 million from RM1.05 billion previously, mainly due to lower revenue contribution from both Malaysia and Singapore.

Over the same period, the group secured sales of RM679.0 million, with local projects contributing RM625.0 million or 92% of the total sales, while the remaining RM54.0 million or 8% was contributed by international projects.

Besides focusing on clearing completed inventories, the group will remain prudent with selected new launches concentrating on the mid-range landed units in established townships to cater to the demand of owner-occupiers.

The group is currently anchored by 47 ongoing projects and an effective remaining landbank of 2,857ha with a gross development value of RM121.54 billion.

Unbilled sales (sales that are already locked in but not yet captured in the books), which stand at RM9.84 billion, will also provide earnings visibility in the short to mid-term.