Mah Sing posts RM55mil profit in Q1

Mah Sing Group Bhd is exploring the possibility of teaming up with Chinese companies to set up a permanent Industrialised Building System (IBS) precast concrete plant in Southville City, KL South.

PETALING JAYA: Mah Sing Group Bhd has recorded a net profit of RM55.01mil in its first quarter ended March 31 compared with RM64.20mil in the previous corresponding period, while revenue came in at RM450.33mil compared with RM584.76mil a year earlier.

In a filing with Bursa Malaysia yesterday, the property developer said the group’s balance sheet remained healthy, with cash and bank balances of RM1.28bil as at March 31, 2019.