news

MRCB has tendered for RM2b jobs

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.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE