wont drop alot one .... its a norm in accounting . when you get new project or new development at the begining part outflow is alot . your profit only come in when you finish the project . more new project less profit .
MRCB remains bullish on outlook for 2016 Posted on 1 June 2016 - 05:36am Lee Weng Khuen sunbiz@thesundaily.com Print PETALING JAYA: Malaysian Resources Corp Bhd (MRCB), which saw net profit for the first quarter ended March 31, 2016 plunge 98% year-on-year in the absence of one-off gains, is confident that the group’s construction and property businesses will be able to sustain its earnings for 2016.
“We’re still bullish on our outlook. For 2016, we’re planning to launch RM2.2 billion worth of projects and out of the RM3.2 billion that we launched last year, we’ve unbilled sales of RM1.4 billion,” executive director Imran Salim told a press conference here yesterday, adding that the group is committed to paring down its debts.
Asked about MRCB’s planned asset injection into its 31%-owned Quill Capital Trust, Imran said the next would be Menara Celcom which is located within the PJ Sentral Garden City, but noted that it takes two to three years for yield accretion. “We’ve another six more buildings (for injections) in the pipeline over a time span,” he added.
I've 20 stocks in my watchlist, only 2 of them are red: MRCB & Evergreen so I doubt that it's foreigner selling pity EPF & Gapurna who subscribe pp @1.09
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....
kinfatt999
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Posted by kinfatt999 > 2016-05-31 18:33 | Report Abuse
1.00 coming soon