AME Elite Consortium Berhad  achieved sales of RM359.1 million in the first half ended 30 September 2024 (1H25), up 166.8% from RM134.6 million in the previous corresponding period last year, driven by demand for industrial properties at the Group's i-TechValley at SILC industrial park.

The group has raised its sales target for the financial year ending 31 March 2025 (FY2025) to RM550 million, up from its previous target of RM400 million, reflecting its confidence in the growth of the industrial property sector. The optimistic outlook
is supported by increasing investment inflows, a robust project pipeline.

In its results for the second quarter ended 30 September 2024 (2Q25), AME Elite reported an increased net profit of RM22.4 million compared to RM21.8 million in the previous year. Revenue amounted to RM187.2 million compared to RM233.3 million, with the shift attributed to the timing of revenue recognition on property development projects, as some projects were in
earlier stages of completion. The lower property development contribution it said was partially offset by revenue growth in the construction, engineering services, as well as property investment and management segments.

The property development segment contributed revenue of RM73.4 million in 2Q25 versus RM138.8 million, mainly due to the lower stages of work completed and the timing of income recognition compared to the previous corresponding quarter. Meanwhile the construction segment recorded an 18.7% increase to RM63.2 million in 2Q25 from RM53.3 million. Similarly, the engineering services segment achieved a 27.3% revenue growth to RM32.1 million from RM25.2 million.