Mudajaya Group back in the black in 3Q

On the outook, Mudajaya said the construction segment is turning more positive with the revival of the East Coast Rail Line (ECRL) and Bandar Malaysia projects.

KUALA LUMPUR: Mudajaya Group Bhd returned to the black with net profit of RM812,000 in the third quarter ended Sept 30,2019 after posting net losses of RM49.60mil a year ago while it was positive for the construction sector.

The construction-property-independent power production company announced on Friday its profit before tax was RM2.44mil comnpared with loss before tax of RM42.84mil.