Malaysian Resources Corp Bhd (MRCB) (1651) has more than tripled its fourth-quarter net profit, helped by improved margins and cost-saving initiatives- The property development, engineering and construction group recorded a RM41-5 million net profit for the quarter compared with RM12-4 million recorded in the same period in 2009- For the full year ended December 31 2010, MRCB's net profit almost doubled to RM67-27 million, up from RM34-62 million in 2009- "The group's proactive moves to improve operational margin by leveraging on economies of scale have borne positive results- "This is evidenced in the 16 per cent growth in current financial year's revenue to break the RM1 billion mark, whereas profitability has increased over 100 per cent," MRCB said in a Bursa Malaysia filing yesterday- Group revenue for the 12 months rose by 15 per cent to RM1-07 billion, contributed mainly by its construction and engineering division with ongoing work progress reaching maturity stage- "The commendable result for the current quarter was mainly contributed by improved profit margin, coupled with advanced stage of activities of our engineering and construction ongoing works and property development projects at Kuala Lumpur Sentral," the group said-  ...

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