NCT Alliance achieves better results


In a filing with Bursa Malaysia yesterday, NCT Alliance said the increase in revenue was mainly contributed by its Grand Ion Majestic project.

PETALING JAYA: NCT Alliance Bhd’s net profit for its fourth quarter ended Dec 31, 2021 surged to RM16.96mil from RM4.77mil in the previous corresponding period, boosted by higher income from its property division.

Revenue in the fourth quarter grew to RM119.61mil from RM35.50mil a year earlier.

In a filing with Bursa Malaysia yesterday, the company said the increase in revenue was mainly contributed by its Grand Ion Majestic project.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Wall Street opens lower on mounting growth worries
Singapore regulator rebukes crypto fund Three Arrows Capital
US consumer spending rises moderately; inflation pushes higher
Marine & General records RM28.34mil net loss for FY22
Opec+ sticks to oil output policy, avoids debate on September plans
MBSB appoints Nor Azam as group CEO
Idimension exits GN3 status after regularisation completes
TNB issues Sukuk Wakalah worth RM4bil
Reach Energy to undertakeRM206.51mil debt via issuance of 1.03 billion new shares
Mudajaya to acquire Real Jade for RM224.32mil

Others Also Read