PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) net profit fell 65% year-on-year (y-o-y) in the first quarter ended March 31, 2024 (1Q24), following lower revenue from its property business and the Light Rail Transit 3 (LRT3) project.
In a filing with Bursa Malaysia, MRCB’s 1Q24 net profit dropped to RM3mil as revenue eased by 36% y-o-y to RM476.2mil.
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