KUALA LUMPUR: Iconic Worldwide Bhd is targeting a near-doubling of revenue to RM150 million for the financial year ending June 30, 2027 (FY27), driven primarily by property sales and supported by manufacturing and hospitality income.
The company expects its property development segment to contribute up to RM120 million in revenue, mainly from sales of its Iconic Harmony high-rise mixed development in Bukit Mertajam, Penang.
The manufacturing business, which includes personal protective equipment (PPE) and babycare products, and rental income from its factory leased to Aperion Technologies (Malaysia) Sdn Bhd, is expected to contribute between RM30 million and RM40 million.
In a statement, the company said the hospitality segment is projected to generate RM10 million in revenue from hotel and serviced apartment management.
