Bursa Malaysia Stock Watch
MRCB pretax profit rises to RM97.57m
kltrader
Publish date: Wed, 09 Feb 2011, 10:28 PM
kltrader
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Malaysia Resources Corp Bhd's (MRCB) pre-tax profit for the financial year ended Dec 31, 2010 rose to RM97.57 million
from RM46.49 million in the same period 2009.
Revenue increased to RM1.06 billion from RM921.61 million previously.
In a filing to Bursa Malaysia today, MRCB said the higher revenue was contributed mainly from the construction and engineering divisions with ongoing work progress reaching an advanced stage of completion.
'The same growth was also contributed by the group's ongoing property development projects at Kuala Lumpur Sentral,' it said.
On 2011 prospects, it said barring unforeseen circumstances, the group was expected to deliver continuous growth in revenue and profitability.
MRCB chief executive officer, Datuk Mohamed Razeek Hussain, said the board was pleased to note that the group's proactive moves to improve operational margin by leveraging on economies of scale had borne positive results.
'This is evidenced in the 16 per cent growth in revenue to break the RM1 billion mark with profitability increased over 100 per cent for the current year,' he said in a statement.
-- BERNAMA
from RM46.49 million in the same period 2009.
Revenue increased to RM1.06 billion from RM921.61 million previously.
In a filing to Bursa Malaysia today, MRCB said the higher revenue was contributed mainly from the construction and engineering divisions with ongoing work progress reaching an advanced stage of completion.
'The same growth was also contributed by the group's ongoing property development projects at Kuala Lumpur Sentral,' it said.
On 2011 prospects, it said barring unforeseen circumstances, the group was expected to deliver continuous growth in revenue and profitability.
MRCB chief executive officer, Datuk Mohamed Razeek Hussain, said the board was pleased to note that the group's proactive moves to improve operational margin by leveraging on economies of scale had borne positive results.
'This is evidenced in the 16 per cent growth in revenue to break the RM1 billion mark with profitability increased over 100 per cent for the current year,' he said in a statement.
-- BERNAMA
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