MRCB revenue up but profit down

MALAYSIAN Resources Corp Bhd’s (MRCB) third quarter net profit fell by 63 per cent to RM3.7 million despite higher revenue.

Group pre-tax profit, however, increased by a quarter to RM15 million, helped by its ongoing property projects at Kuala Lumpur Sentral in Kuala Lumpur, MRCB said in its announcement.

Its revenue increased by 5.4 per cent to RM270.9 million.

For the nine months to date, MRCB’s net profit increased by 16 per cent to RM25.8 million.

By Business Times