MRCB Land’s Tujuh Residences apartment in Kwasa Damansara now open for preview
Tujuh Residences will be a 29-storey apartment tower, comprising 573 units.
MRCB’s 2Q net profit down 23% on lower engineering and construction revenue
MRCB said the lower earnings were due to much lower revenue contribution from its engineering, construction and environment division due to the completion of three major infrastructure construction projects last year, and the completion of two major property development projects from its property development and investment division in the first half of 2023.
MRCB's net gearing could exceed 0.49 times if KL Sentral, Shah Alam Sports Complex redeveloped concurrently — HLIB Research
In a note on Thursday (Aug 3), analyst Edwin Woo said rough calculations show that net gearing levels could rise to 0.
Sentral REIT plans to acquire Menara CelcomDigi from MRCB
Sentral REIT said its management company, Sentral REIT Management Sdn Bhd, has accepted a letter of intent issued by MRCB to commence negotiations for the proposed acquisition.
MRCB posts lower 1Q profit on completion of DASH highway project
The lower contribution from the engineering, construction and environment division was partially offset by the property development and investment division, which recorded an operating profit of RM33.
MRCB posts lower net profit in 4QFY22; declares one sen dividend
Quarterly revenue, however, fell marginally by 2.
Analysts see possible minor reviews, delay in MRT3 awards and tenders to late 1H2023
Post election, it noted, there are uncertainties over the timing of mega infrastructure rerating catalysts.
MRCB returns to black in 3Q, boosted by higher recognition from construction progress, sales of completed inventory
The tremendous improvements were due to higher recognition from construction progress and sales of completed inventory which showed a marked pick-up after two years of Covid-19 related disruptions and numerous construction site closures, the group said in its latest financial results announcement on Wednesday (Nov 30).
MRCB buys Quill’s 39% stake in Sentral REIT manager
Sentral REIT did not specify how much builder and property developer MRCB will pay for QRH's 39% stake in SRM.
MRCB returns to the black in 2Q with RM14.1 mil net profit as operations normalise
MRCB added that the strong set of earnings was further boosted by the construction progress of the Light Rail Transit 3 (LRT3) project, despite shortages in labour and key building materials.
