MRCB active, up 4.39% on firmer 1Q earnings

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KUALA LUMPUR (May 31): Builder Malaysian Resources Corp Bhd (MRCB) rose 4.39% in active trade this morning after its net profit for the first quarter ended March 31, 2018 (1QFY18) more than doubled to RM21.53 million compared with RM8.64 million in the previous year, thanks to a stronger performance from the engineering, construction and environment division.

At 9.12am, MRCB rose 2.5 sen to 59.5 sen with 4.35 million shares done.

Earnings per share rose to 0.49 sen versus 0.4 sen per share in 1QFY17, while revenue fell by 18% to RM427.6 million from RM519.84 million a year ago.