Mulpha 3Q earnings up to RM96mil

PETALING JAYA: Mulpha International Bhd’s net profit for the third quarter of the financial period ended Sept 30, 2023 (3Q23) rose to RM95.64mil from RM20.43mil in 3Q22 as revenue increased to RM417.42mil in the period from RM213.01mil in 3Q22.

This was due to the stronger performances of its property development, hospitality and leisure and investment as well as other divisions offset by the underperformance of the property investment and finance division.