PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) said it will continue to prioritise enhancing its cash flow by monetising its unsold completed stock of RM352.8mil gross development value in Malaysia.
In a filing with Bursa Malaysia, it said it had interest in 1,163 acres of land with a gross development value of RM38bil, which provides it with a sustainable supply of long-term land for future projects.
In the third quarter ended Sept 30, 2024, MRCB recorded a net profit of RM8.86mil, up from RM1.46mil in the year-ago quarter. Its earnings per share rose to 0.2 sen from 0.03 sen previously.
Its revenue was reported at RM426.34mil, down from RM503.74mil in the comparative quarter.
Over the three cumulative quarters, the group’s net profit came to RM63.04mil, up from RM20.8mil in the first nine months of last year, while revenue dropped to RM1.27bil from RM1.85bil previously.
