Robust Property Development Segment Drives Significant Earnings Growth
- Revenue increases 56% year-on-year (YoY) to RM209.03 million, led by strong sales from ongoing property projects
- Profit Before Tax (PBT) soars to RM24.48 million, marking an increase of over 150%
- Total unbilled sales stand strong at RM2.1 billion, supporting sustainable growth outlook

Kuala Lumpur, 29 May 2025 - Chin Hin Group Property Berhad (the Group) today reported a stellar financial performance for its first quarter ended 31 March 2025 (Q1FY25), achieving substantial growth across key financial metrics. Revenue rose significantly by 56% to RM209.03 million, compared to RM134.21 million in Q1FY24, driven primarily by the Property Development segment.

The Group’s profit before tax surged to RM24.48 million, an increase of over 150% from RM9.71 million recorded in the previous year’s corresponding quarter, underpinned by robust revenue growth and enhanced profit margins from ongoing projects.

The Property Development segment was the standout performer, generating a remarkable revenue increase to RM187.29 million compared to RM25.61 million in Q1FY24. This impressive performance was attributed to strong contributions from ongoing projects, including Quaver Residences, Ayanna Resort Residences, Avantro Residences, Crown Penang, Residensi Andalan, Dawn KLCC, and Aricia Residences. The segment also recorded a turnaround, reporting a profit before tax of RM26.27 million from a loss of RM1.21 million previously, boosted by contributions from recently effective joint ventures, Aricia Sdn Bhd and Dawn Sdn Bhd.

Meanwhile, the Commercial Vehicles and Bodyworks segment reported higher revenue of RM21.74 million, nearly doubling from RM10.94 million recorded in the preceding year's corresponding quarter. This growth reflects increased demand for rebuilt commercial vehicles, although higher administrative expenses led to a marginal loss before tax of RM0.64 million compared to a profit of RM0.61 million in Q1FY24.

Chang Tze Yoong, Group Chief Executive Officer of the Property Development Division at Chin Hin Group Property Berhad said, “We are pleased with the Group’s performance in the first quarter of 2025, which reflects the strength of our strategic focus on high-quality developments and our commitment to operational excellence. The strong take-up rates of our property development projects underscore the growing market confidence in our offerings and brand. As we move forward, we remain dedicated to delivering value to our stakeholders by launching concept-driven developments and enhancing the customer experience across all touchpoints”.

Following the completion of the disposal of its Construction division in November 2024, the Group has streamlined its focus to property development and commercial vehicles. The Commercial Vehicles and Bodyworks segment also recorded improved sales of RM21.7 million for the quarter, driven by increased demand for rebuilt commercial vehicles.

Looking forward, Chin Hin Group Property Berhad is well-positioned to capitalise on the positive market momentum, leveraging its strong project portfolio and strategic initiatives to deliver sustainable growth and value to shareholders.

Key Financial Highlights for Q1 2025
- Group revenue increased by 56% to RM209.0 million from RM134.2 million in Q1 2024.
- Unbilled sales for Property Development stood at RM2.1 billion, supporting strong future revenue visibility.
- Profit before tax more than doubled to RM24.5 million compared to RM9.7 million previously.
- Property Development segment revenue rose sharply to RM187.3 million, with profit before tax at RM26.3 million.
- The Construction division was fully divested as of 27 November 2024, providing funds for the Group’s property development business.
- The Commercial Vehicles and Bodyworks segment recorded an increase in revenue to RM21.7 million.