MRCB earnings triple

MRCB said additional contributions also came from the sale of completed unsold inventory and ongoing property development projects, namely Sentral Suites in KL Sentral, the 9 Seputeh (pic) mixed residential developments in Jalan Klang Lama and Alstonia in Bukit Rahman Putra.

KUALA LUMPUR: Malaysian Resources Corp Bhd’s (MRCB) net profit almost tripled to RM14.03mil in the first quarter (1Q) ended March 31 from RM5.2mil a year earlier.

Revenue for the period surged more than threefold to RM810.71mil against RM226.7mil last year, MRCB said in the notes accompanying its financial results.