KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has tendered for some RM2 billion worth of projects including building projects and packages of the light rail transit (LRT) extension project.
“We have quite a lot on our plate. We are also planning other projects in the pipeline. Penang Sentral has found its legs. We have submitted plans for approvals,” chief executive officer Mohamed Razeek Hussain said at a press conference here on Monday, April 4.
MRCB, a property developer and construction group, is aiming for 55% growth in pre-tax profit to RM150 million for FY2011 ending Dec 31.
Meanwhile, it is targeting a 30% increase in revenue to RM1.3 billion.
Mohamed Razeek said the group is expecting substantial growth in 2011 mainly driven by existing projects.
Currently, it has an outstanding order book of RM1.6 billion which will last the group over two to three years.
TOP PICKS BY EDGEPROP
Welcome Investor, Confirm Rental Beside Famous Uni
Semi D Duta Suria Residency Ampang 3.5 Storey Corn
Ready Tenant, Confirm Rental Get Up To Rm3000
105%Loan 2 Storey Taman Saujana Jati Andalas Klang
2.5Sty 20x80 Taman Gembira Teluk Pulai Melawis
100%Loan Modern design 1 sty Kampung Jawa Klang
Invest Dual Key Unit GRR 9 years RM280k
DOUBLE STOREY HOUSE FOR SALE AT BUKIT RAJA, KLANG