KUALA LUMPUR: Lembaga Tabung Haji's wholly-owned TH Properties Sdn Bhd is confident of continuing to defend its profit margin amid challenges posed by rising construction material costs and fuel subsidy rationalisation.
"TH Properties and their appointed contractors procure unsubsidised diesel at commercial rates for its operations, which are not influenced by government subsidies.
"This approach reduces dependency on subsidised fuel and shields the company from fluctuations in subsidy policies."
The company is clarifying its stance and reassuring stakeholders of its resilience in response to the recent announcement on the rationalisation of diesel subsidies and the potential impact on the property development sector.
TH Properties commended the government's proactive steps to optimise subsidy distribution and promote sustainable economic growth.
"As part of Lembaga Tabung Haji, the company is committed to supporting initiatives that enhance national development and is confident that the rationalisation mechanism will not adversely affect the company's operations as a property developer.
"The company remains dedicated to supporting government policies that foster economic stability and growth, reaffirming its commitment to national development goals," it said.