{
  "id": 1703005,
  "title": "Lagenda Properties record stellar first half as net profits breached RM100 mil",
  "url": "https://urgent.news/2026/08/18/lagenda-properties-record-stellar-first-half-as-net-profits-breached",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T11:58:31.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1513996/lagenda-properties-record-stellar-first-half-net-profits"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR - Lagenda Properties Bhd reported a remarkable surge in net profits, breaching the RM100 million mark in the second quarter of FY26, as it delivered a stellar first half of the year. Revenue reached a new quarterly peak of RM336.2 million, thanks to robust demand for townships in Selangor and Johor. The property developer's first half performance culminated in a whopping RM598.4 million in revenue and RM100.8 million in net profits. As a result, Lagenda Properties announced a dividend of 3.5 sen per share, compared to 3.0 sen per share a year ago. Company officials expressed cautious optimism for continued momentum through the year, emphasizing their focus on disciplined execution and maintaining affordable housing. Property sales reached approximately RM503.8 million in Q2 FY26, contributing to a 1H FY26 total of RM876.3 million. Johor led the sales, accounting for roughly half of the total. Looking ahead, Lagenda Properties anticipates maintaining its development momentum with upcoming launches in Sungai Petani, Kedah, and Senawang, Negeri Sembilan, while expanding existing townships. The group reported record unbilled sales of approximately RM1.75 billion and a landbank of 3,998 acres with a gross development value of RM10.28 billion. Lagenda Properties closed the trading day at RM1.46, down one sen or 0.68 percent from the previous close. The company's shares have climbed more than 15 percent year-to-date.",
  "summary": "KUALA LUMPUR : Lagenda Properties Bhd recorded 25 per cent higher net profits in the second quarter ended June 30, 2026 (Q2 FY26) than a year ago, at RM56.6 million, driven by continued construction progress and sustained demand across its key developments.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}