MGB Berhad, a subsidiary of construction and property development solutions provider LBS Bina Group Berhad, registered RM177.76mil in revenue with RM12.24mil profit after tax in its Q1 results for the financial year ending Dec 31, 2023 – as compared to RM6.81mil in the preceding year’s corresponding quarter.
PETALING JAYA: MGB Bhd, a construction and property development solutions provider and a subsidiary of LBS Bina Group Bhd, announced its first quarter results for the financial year ending Dec 31 (Q1FYE2022).
Lim speaking at LBS Bina’s media briefing today.
PETALING JAYA: LBS Bina Group Bhd has planned launches valued at an estimated gross development value (GDV) of RM2.65 billion this year.
LBS registered sales of RM1.2 billion in 2020, which exceeded its revised target of RM1 billion, despite the challenging market.
It said it continues to adapt to new norm, shifting marketing strategies by further penetrating digital platforms. It is confident that 2021 will be another exciting year for the group.
In the Klang Valley, developments in the pipeline include new phases at the Kita @ Cybersouth township in Dengkil which consist of Kita Sejati serviced apartments, Kita Mekar double-storey terrace houses, Kita Mesra single- and double-storey terrace houses as well as double-storey townhouses.