A lot of companies lossing a lot of money but share price is higher than MRCB. So MRCB still making a lot of profit during bad time consider very good. Invest in MRCB we can feel very safe as the company won't go bankrupt.
The group’s ECE division currently has an external order book of RM5.9 billion with an unbilled portion of RM4.8 billion, MRCB said.
“The external order book is expected to increase further by approximately RM17 billion once the LRT 3 contract is finalised and the Bukit Jalil privatisation exercise is completed.
“The division continues to actively tender for more contracting projects to replenish its order book (with) current open tenders valued at RM2.7 billion,” MRCB said.
Meanwhile, its property development and investment arm has total cumulative unbilled sales which are expected to deliver RM1.63 billion in revenue over the lifespan of its projects.
'LRT3, Eastern Dispersal Link settlement to bolster MRCB's finances'
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) says the remodelled Light Rail Transit’s Line 3 (LRT 3) project and settlement over the Eastern Dispersal Link will bolster its finances.
“We are very upbeat on the LRT3 project and the recent termination and settlement agreement with the government in relation to the EDL, which will significantly strengthen our balance sheet,” MRCB group managing director Imran Salim said in a statement on its interim results today.
MRCB’s net profit rose to RM74.78 million in the nine months ended September 30 2018 from RM63.26 million a year ago. Group revenue dropped 37 per cent to RM1.5 billion. The revenue decline was due to the absence of two big revenue contributors last year namely the refurbishment of the KL Sports City in Bukit Jalil and toll collection revenue from the EDL. Both made up over half of MRCB’s total revenue in 2017.
MRCB said its pre-tax profit fell one per cent to RM114.1 million due to the impact of the LRT3 project.
It was re-modelled to a fixed price contract, which had resulted in the re-timing of income recognition from the project to future quarters.
The group said its engineering, construction and environment division saw margins almost triple to eight per cent during the first
nine months.
The division also saw a contribution of RM20.7 million net profit from the group’s 50 per cent-owned LRT3 project company MRCB George Kent Sdn Bhd.
While much higher than the RM7.2 million recorded in the same period last year, it was significantly lower than budgeted, because of the re-negotiations with the government, MRCB explained.
The division has an external client order book of RM5.9 billion with an unbilled portion of RM4.8 billion.
The property development and investment division recorded a 42.4 per cent increase in revenue to RM882.9 million. This was driven by the sale of a piece of freehold land which contributed a pre-tax profit of RM37.6 million.
The group’s unbilled property sales stood at RM1.6 billion as at September 30 this year.
I'm one of the ikan bills who bought at RM0.785. And was so excited that they stop trading pending on announcement and saw the shares pancut like climax just for a short while and back to square one...Q to sell and noticed the price kept dropping already....in the end I sold at a loss too.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SHQuah
5,363 posts
Posted by SHQuah > 2018-11-22 15:32 | Report Abuse
Shaking of dry tree leaves. Later new leaves will grow. Tree will grow higher.