MRCB Mohd IMran
PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) has recorded a net profit of RM11.06mil for its second quarter ended June 30 compared with RM33.45mil in the previous corresponding period, while revenue came in at RM240.97mil compared with RM405.25mil before.
In a statement yesterday, MRCB said revenue and profits were impacted by the group’s newer property development projects still being at the early stage of construction, where revenue and profit recognition is minimal, and income from the LRT3 project being deferred as a result of being remodelled from a project delivery partner to a fixed price turnkey project.
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