MGB ACHIEVES 23% PROFIT SURGE IN 1Q24


Lim: IBS has brought down MGB’s overhead costs and enhanced the quality of its precast concrete products.

PETALING JAYA: Construction and property development solutions provider MGB Bhd announced its first-quarter results for the financial year ending Dec 31, 2024 (1Q24) on May 16.

The company – a subsidiary of LBS Bina Group Bhd – whose revenue stood at RM217.88mil for the quarter under review, had registered a 22.57% increase as compared to the preceding year’s corresponding quarter.

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