Chairman's Reflections

DATO’ MOHAMAD NASIR AB LATIF
Chairman
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Strengthening
For Resilient Futures
Dear Stakeholders,

Having successfully navigated an extended period of societal and economic upheaval due to the pandemic, we embraced the path to economic recovery while continuing to address complex challenges. Despite concerns such as a climate crisis, geopolitical tensions, inflationary pressures, and interest rate rises impacting various industries, including ours, we viewed these times as opportunities for strategic growth and adaptation. By reassessing our position in this dynamic environment, we reaffirmed our commitment to our diversification strategy and aligned it even more closely with industry changes and global shifts. In doing so, we continued our efforts to strengthen our foundation for a more resilient future.

+3.0%

GLOBAL ECONOMIC GROWTH IN 2023


3.7%

MALAYSIA’S ECONOMY EXPANDED MODERATELY

Group Managing Director's Review

DATUK IMRAN SALIM
Group Managing Director
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Integrating
sustainability for enduring value

Dear Stakeholders,

In 2023, MRCB completed major projects and commenced new ones, signalling the onset of a new growth cycle. Our efforts were also centred on integrating sustainability into all aspects of our activities, expanding our diversification strategy, seizing opportunities, and effectively managing risks to ensure sustainable value creation over the long term.

RM2.5 BILLION

REVENUE


RM134 MILLION

PROFIT BEFORE TAX

2023 Key Highlights

GROUP REVENUE

RM2.5 BILLION

21%

2022: RM3.2 billion

PROFIT BEFORE TAX

RM134 MILLION

13%

2022: RM154 million

NET GEARING

0.16 TIMES

50%

2022: 0.32 times

SHAREHOLDERS’ FUNDS

RM4.6 BILLION

2%

2022: RM4.5 billion

NET ASSETS PER SHARE

RM1.03

2%

2022: RM1.01

DIVIDEND

1.00 SEN
GROSS DEVELOPMENT VALUE OF LAND BANK
RM31 BILLION
TOTAL LAND BANK
1,148 ACRES
EXTERNAL CLIENT CONSTRUCTION ORDER BOOK
RM26.1
BILLION
ACHIEVED PROPERTY SALES OF
RM831.3
BILLION
LRT3 PHYSICAL CONSTRUCTION PROGRESS
92 %

FINANCIAL HIGHLIGHTS

GROUP REVENUE

RM2.5BILLION

21%

2022: RM3.2 billion

PROFIT BEFORE TAX

RM134MILLION

13%

2022: RM154 million

NET GEARING

0.16 TIMES

50%

2022: 0.32 times

SHAREHOLDERS’ FUNDS

RM4.6BILLION

2%

2022: RM4.5 billion

NET ASSETS PER SHARE

RM1.03

2%

2022: RM1.01

DIVIDEND

1.00SEN

BUSINESS HIGHLIGHTS

GROSS DEVELOPMENT VALUE OF LAND BANK
RM31 BILLION
TOTAL LAND BANK
1,148 ACRES
EXTERNAL CLIENT CONSTRUCTION ORDER BOOK
RM26.1 BILLION
ACHIEVED PROPERTY SALES OF
RM831.3 BILLION
LRT3 PHYSICAL CONSTRUCTION PROGRESS
92 %

ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) HIGHLIGHTS

Value Creating Business Model

INPUTS

Manufactured capital

Financial capital

Natural capital

Human capital

Intellectual capital

Social & Relationship capital

BUSINESS ACTIVITIES
OUTPUTS
OUTCOMES
OUR STRATEGIC ROADMAP

Our fervent commitment has consistently centred around ensuring the sustainability of our business and generating value for both our shareholders and stakeholders.

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5-YEAR GROUP FINANCIAL HIGHLIGHTS

OUR PERFORMANCE

TRIA Residence

OUR APPROACH TO SUSTAINABILITY

Building Meaningful Places for a Better Tomorrow
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OUR PERFORMANCE

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