MRCB records jump in 3Q net profit to RM8.86mil

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MRCB records jump in 3Q net profit to RM8.86mil
MRCBPropertyConstruction
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THE Selangor government has launched its Selangor Care Economy Policy that will look into aspects of elderly care, childcare, people with disabilities as well as strengthen support for formal and informal caregiver communities.

KUALA LUMPUR: Malaysian Resources Corp Bhd said it continues to prioritise enhancing its cash low by monetising its unsold completed stock of RM352.8mil gross development value in Malaysia.

Additionally, the division had cumulative unbilled sales of RM630.5mil as of Sept 30, 2024, which will be recognised progressively over the construction period of the projects, such as Alstonia and Residensi Tujuh. It said the 31% drop in revenue was owing to lower contributions from the property development and investment division after the completion of two major property development projects in 2023.

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