MRCB posts lower Q3 profit, sees pick-up in construction segment


MRCB expects profit recognition from the LRT 3 project to accelerate.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) reported a drop in third quarter earnings on lower contributions from its property and construction businesses.

The group expects construction progress, including the Light Rail Transit line 3 (LRT 3) project, to pick up pace from the fourth quarter onwards and boost its revenue and operating profits going forward.

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