Strong 2020 for MRCB


MRCB Land organised a Carnival Fun-Tasia event in honour of its customers, where it welcomed more than 1,000 visitors to the two-day carnival celebration held on 6 and 7 July 2019 at its newly completed and award-winning mixed-use development, VIVO Residences and SOHO at 9 Seputeh.

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB), which has been through difficulties with its third light-rail transit (LRT 3) project and the overall slowdown in the property and construction sectors, is expecting to see its financial performance rebound next year.

The urban property developer, which will be releasing its second quarter results next month, had stated earlier that the pace of revenue recognition for its projects would increase in the second half of this year. This followed a weak first quarter, which the group had attributed to delays in revenue recognition.

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