Thursday, May 26, 2011

MRCB to grow recurring income to between 20% and 25%

KUALA LUMPUR: MALAYSIAN RESOURCES CORP [] Bhd (MRCB) plans to increase its recurring income to between 20% and 30% in the next two to three years.

A company official said on Thursday, May 26 that the growth in recurring income would be underpinned by its highway project in Johor and also the property projects in KL Sentral.

MRCB's recurring income was about 8% in the financial year ended Dec 31, 2010.

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