LRT3 project to be among main earnings drivers for MRCB

TheStar Wed, Feb 22, 2023 12:00am - 1 year View Original


In FY22, MRCB posted a net profit of RM64.8mil, up from RM15.8mil in the previous year, in line with analysts' consensus.

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) has recorded higher property sales and construction billings on the back of the stronger contribution from the ongoing Light Rail Transit 3 (LRT3) project in financial year 2022 (FY22).

Notably, its construction division had returned to the black after two years of losses.

In FY22, MRCB posted a net profit of RM64.8mil, up from RM15.8mil in the previous year.

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