X Close


Published: Tuesday November 20, 2012 MYT 8:00:00 PM

Malaysian Resources Corp's 3Q earnings up 142%

KUALA LUMPUR: Malaysian Resources Corporation Bhd's (MRCB) earnings jumped 142% to RM35.78mil in the third quarter ended Sept 30, 2012 from RM14.73mil a year ago, boosted by its property division.

It said on Tuesday its higher earnings were despite that finance costs had increased to RM35.19mil from RM8.09mil a year ago.

It said the improved performance of the group's property division contributed to the realisation of a higher operating profit at RM84.0mil in Q3, 2012 from RM29.5mil a year ago. This saw pre-tax profit surging more than 100% to RM47.1mil from RM20.5mil a year ago.

MRCB's revenue rose 4.7% to RM299.81mil from RM286.35mil while earnings per share were 2.58 sen compared with 1.06 sen.

"The higher revenue was contributed mainly from the on-going development projects in Kuala Lumpur Sentral which include the successful launch of The Sentral Residences in the current quarter," it said.

For the nine-months ended Sept 30, 2012, its earnings were marginally lower by 0.47% to RM63.09mil from RM63.39mil in the previous corresponding period. Revenue increased by 30.5% to RM969.94mil from RM742.69mil.


  1. Johor man first person in Asia to succumb to MERS
  2. High time for the leaders to act
  3. I am Sabahan - and that is that
  4. Water tunnel to function soon
  5. AirAsia to move to KLIA2 by May 9
  6. AirAsia Group says will move into KLIA2 by May 9 (Update)
  7. India's highest court recognises transgenders as 'third gender'
  8. MH370 search: Remark on solving mystery in one second illogical, says Najib
  9. Crane falls off 11-storey building, killing operator
  10. Burst pipe along Jalan Universiti sparks anger