• Plenitude also announced that its new housing project launches in Johor and Kedah for the financial year ending June 2023 “carries a gross development value (GDV) of RM508.8 million”.     

PETALING JAYA (Sept 14): Plenitude Bhd today announced registered revenue of RM90.5 million (y-o-y +27.12%) and net profit of RM10.5 million (y-o-y +40%) for the 4th quarter ended June 30, 2022 (4QFY2022), compared to revenue of RM71.2 million and net profit of RM7.5 million in 4QFY2021.

Plenitude stated that its property development division contributed higher revenue of RM70.3 million (y-o-y +6.68%) for 4QFY2022 compared to RM65.9 million in 4QFY2021. 

Meanwhile, the hospitality division registered revenue of RM19.4 million for 4QFY2022, an increase of RM14.2 million compared to revenue of RM5.3 million in 4QFY2021. “The 267% growth was reflected by long weekends and public holidays in May and June which boosted higher occupancy rates and average daily rates for the group's hotels located in Penang and Ipoh,” said the company.

Plenitude also announced that its new housing project launches in Johor and Kedah for the financial year ending June 2023 “carries a gross development value (GDV) of RM508.8 million”.  

In Johor, Plenitude is launching new phases in Taman Desa Tebrau and developing the new township of Impian Hills, Ulu Tiram. In the mixed development township of Taman Desa Tebrau, Plenitude will be launching 162 units of 2 and 2.5 storey terrace houses (Cello 3B) and 100 units of double-storey cluster and semi-detached homes (Harp 2C). The GDV of Cello 3B and Harp 2C are RM148 million and RM133 million, respectively. Cello 3B is expected to be launched in October 2022.

Impian Hills is a new mixed development township being built on 258 acres of land. Phase 1 (Magnolia) of Impian Hills comprising 143 units of 2-storey terrace houses will be launched in January 2023 and Phase 2 with 154 units will be launched in May 2023. The combined GDV of the two phases are RM191.8 million while the GDV of Impian Hills township is about RM1.1 billion.

In Kedah, Plenitude is developing 52 units of single-storey bungalows (Ramlee) as the first phase of the new mixed development township of Bukit Bintang in Sungai Petani. The new township sits on a 417-acre land. Ramlee @ Bukit Bintang will be launched in March 2023. The GDV of Ramlee @ Bukit Bintang and the Bukit Bintang Township are estimated at RM36 million and RM1.5 billion, respectively.

Under its hospitality division, Plenitude now has the Domitys brand from Europe. Domitys is a leading provider of senior living facilities “with more than 24 years’ of experience helping seniors to live independently in a comfortable and safe environment”. Domitys Bangsar Kuala Lumpur is the first senior living residence to be opened in Asia under the Domitys brand. Domitys Bangsar will open its doors to residents and guests in October 2022.

As part of its expansion plans, Plenitude has also invested RM136 million in Travelodge Honmachi Osaka, Japan, scheduled to open on Sept 28, 2022. 

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