MRCB's second-quarter profit gets boost from sale of Duke stake


KUALA LUMPUR: Malaysian Resources Corp Bhd’s (MRCB) net profit for the second quarter ended June 30 surged to RM118.5mil from RM5.8mil a year earlier, boosted by the sale of its 30% stake in Duta-Ulu Kelang Expressway (Duke).

Its revenue for the quarter jumped to RM325.6mil from RM185.7mil on improved performance at its property development, engineering and construction divisions. Earnings per share rose to 7.15 sen.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Corporate News , 1651

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read