PETALING JAYA: TRC Synergy Bhd
returned to the black in the first quarter ended March 31, 2021 (Q1’21) with net profit of RM5.6mil, compared with a net loss of RM0.4mil in the preceding year corresponding period.
In a statement, the construction, civil engineering, and property development company attributed its earnings partly to unrealised gains arising from favourable foreign currency movement.
During the quarter in review, TRC’s revenue surged 46.3% to RM201.4mil from RM137.6mil, mainly on higher contribution from the construction and property development segments.
TRC group managing director Tan Sri Sufri Mohd Zin (pic) said the group is eyeing positive performance in the current financial year, supported by progress of ongoing construction jobs, and continued new project wins.
...