Country View Bhd posted a decline in earnings for its first quarter ended Feb 28, 2026, with profit after tax (PAT) falling to RM20.3 million, down from RM30.1 million a year earlier, as revenue eased amid fewer land sales.
Additionally, the property developer also recorded lower revenue of RM98.8 million, a 13% drop from RM114.2 million previously.
The decline was primarily due to the absence of one-off land sales in the corresponding quarter last year involving commercial parcels in Taman Nusa Sentral, Iskandar Puteri, Johor.
The weaker earnings were largely attributed to reduced contribution from its property development segment, which remains the group’s core revenue driver.
Looking ahead, Country View struck a cautious tone on the Johor property market, citing geopolitical uncertainty stemming from the ongoing Middle East conflict as well as broader macroeconomic volatility.
The group highlighted risks from fluctuating commodity prices, currency volatility, inflation shifts and interest rate uncertainty, all of which could weigh on investor sentiment and property demand.
“We will remain vigilant in monitoring market dynamics and devise appropriate strategies in response to changing conditions,” the group said.
Despite the cautious outlook and drops in earnings, the group declared a first interim single-tier dividend of 12 sen per ordinary share, payable on May 29, 2026.
