MGB ACHIEVES 23% PROFIT SURGE IN 1Q24


Lim: IBS has brought down MGB’s overhead costs and enhanced the quality of its precast concrete products.

PETALING JAYA: Construction and property development solutions provider MGB Bhd announced its first-quarter results for the financial year ending Dec 31, 2024 (1Q24) on May 16.

The company – a subsidiary of LBS Bina Group Bhd – whose revenue stood at RM217.88mil for the quarter under review, had registered a 22.57% increase as compared to the preceding year’s corresponding quarter.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Chin Chee Seong elected SME Association national president
Finding 'humanity' in finance
Oil posts big weekly drop after US jobs data
Investors with Australian property: Beware TAX
Malaysia can lead EV charge
Getting a good price for your home
Investing amid shifting expectations
Economic proxy play
Putting money on the banks
Higher credit score, better mortgage options

Others Also Read