MRCB bullish on 2016 outlook

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB), which is committed to paring down its debts, is confident that the group's construction and property businesses will sustain its earnings for 2016.
"We're still bullish on our outlook. For 2016, we're planning to launch RM2.2 billion worth of projects and out of the RM3.2 billion that we launched last year, we've unbilled sales of RM1.4 billion," executive director Imran Salim told a press conference here today.
For the construction segment, MRCB's outstanding order book stands at RM5 billion.
"We're very aggressive in tendering for more jobs with a tender book of RM8 billion, we want to be the key player in the industry," he noted.
MRCB's net profit more than doubled to RM330 million in 2015 compared with RM153 million in 2014, partly due to the sale of Platinum Sentral and its joint venture companies.