Friday, August 12, 2011

MRCB edges up in early trade

KUALA LUMPUR: MALAYSIAN RESOURCES CORP []oration Bhd (MRCB) shares edged up in early trade on Friday, Aug 12 after the company said it was on track to achieve revenue of RM1.3 billion for the year.

At 9.12am, MRCB added two sen to RM2.25 with 2.06 million shares traded.

MRCB's turnover for the six months ended June 30, 2011 rose to RM456.34 million from RM363.55 million a year earlier. For the six months ended June 30, MRCB's net profit rose to RM40.63 million from RM22.09 million.

Its net profit for the second quarter ended June 30, 2011 jumped 55.5% to RM19.03 million from RM12.24 million a year ago. Revenue for the quarter rose to RM234.84 million from RM173.87 million.


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