MRCB's 2Q net profit up nearly fivefold to RM51mil

Quick Summary:

KUALA LUMPUR: Malaysian Resources Corp Bhd’s (MRCB) will prioritise boosting cash flow in 2024 by selling its RM299.2mil worth of unsold completed stock in Malaysia and focusing on its new launches planned for the year.

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Revenue, however, tumbled 37.9% to RM372.1mil from RM599.3mil last year.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Corporate News Property MRCB Construction /Business/Business News Order book

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 20:45:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22308049

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #22

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