Mudajaya going through transition, hopes to establish Utility Reit

Joseph says about 50% or more of the company's income is expected to come from recurring businesses in the next three years.

PETALING JAYA: Mudajaya Group Bhd is looking at increasing its recurring income businesses and reducing its dependence on construction work from third parties in an effort to enhance profit margins.

The mainstay of its recurring income business will be in the power generation and other related utilities segments that currently contribute less than 20% to its turnover.