Daily Industry News Update (2 June 2022)

MRCB 1Q profit jumps 170%, lifted by LRT3 and property projects

Malaysian Resources Corp Bhd (MRCB) said its first quarter (1Q) net profit soared 170% to RM14.03 million from RM5.2 million a year ago, helped by the full consolidation of the Light Rail Transit 3 (LRT3) project.

Mah Sing 1Q profit driven by affordable home sale

MAH Sing Group Bhd registered a 7.2% year-on-year (YoY) growth in net profit for the first quarter ended March 31, 2022 (1Q22), to RM43.18 million as revenue increased by 4.82% YoY to