MGB REPORTS HIGHEST-EVER EARNINGS IN 2023

MGB Berhad’s revenue of RM971.8mil for the full year 2023 was primarily driven by its construction and trading segment, and property development segment.

CONSTRUCTION and property development solutions provider MGB Bhd recorded revenue of RM971.8mil for the full year ending Dec 31, 2023 (FY23) – a 58.6% increase from the previous year’s RM612.8mil.

This substantial growth of MGB – a subsidiary of LBS Bina Group Bhd – was primarily driven by a 45.4% gain in revenue from the construction and trading segment, amounting to RM856.2mil.