MRCB records RM101m profit


Kuala Lumpur Sports City. -Star filepic

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) posted a net profit of RM101.17mil for the financial year ended Dec 31, 2018 (FY18) compared with RM161.91mil in 2017.

This was on the back of a 29.2% decline in revenue to RM1.87bil due to the absence of RM1.1bil revenue from the regeneration and redeve­lopment of the KL Sports City in Bukit Jalil completed in July 2017, it announced to Bursa Malaysia.

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