MGB PRE-TAX PROFIT UP 79.59% AGAINST 1Q22

‘With 20 on-going projects in our construction and property development segments, we are on steady ground as MGB’s top line seeks to generate revenue of approximately RM4bil in the coming years,’ says Lim.

MGB Bhd, a subsidiary of construction and property development solutions provider LBS Bina Group Bhd, registered RM177.76mil in revenue with RM12.24mil profit after tax in its Q1 results for the financial year ending Dec 31, 2023 – as compared to RM6.81mil in the preceding year’s corresponding quarter.

The strong results were mainly attributable to the steady contribution from several sizeable projects such as Residensi Bintang and Mercu Jalil at Bukit Jalil as well as Ritma Perdana and Melodi Perdana at Alam Perdana whereby the projects are targeted to be completed by financial year 2023.