MGB’s FY23 net profit to triple on improvement in labour conditions

PETALING JAYA: MGB Bhd’s earnings for the financial year 2023 (FY23) is expected to triple, underpinned by better labour conditions and higher progress billings of certain projects.

RHB Research said MGB, the construction and property development solutions provider and subsidiary of LBS Bina Group Bhd, saw core earnings for the nine months of FY23 increase more than 100% year-on-year to RM36mil.

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MGB , Earnings , ProgressBillings , PropertyDivision , ConstructionRevenue , PreTaxProfitMargin , OrderBook

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