PETALING JAYA: NCT Alliance Bhd’s net profit for its fourth quarter ended Dec 31, 2021 surged to RM16.96mil from RM4.77mil in the previous corresponding period, boosted by higher income from its property division.

       Revenue in the fourth quarter grew to RM119.61mil from RM35.50mil a year earlier.

       In a filing with Bursa Malaysia yesterday, the company said the increase in revenue was mainly contributed by its Grand Ion Majestic project.