Malaysia: CMS pretax profit buoyed by cement division

Malaysia: CMS pretax profit buoyed by cement division
Published: 04 March 2014

Tagged Under: Results Malaysia CMS Cement 

Cahya Mata Sarawak Bhd (CMS) registered a 30 per cent YoY rise in pretax profit to MYR295.27m in 2013, driven mainly by higher earnings from its cement division.

The cement segment saw a 46 per cent rise in pretax profit to MYR96.66m mainly due to the successful re-commissioning of its upgraded clinker plant.

Commenting on the results, CMS group managing director Dato Richard Curtis said, “For this financial year, significant achievements have been recorded amongst all the core divisions. This includes the cement, construction materials and trading, construction and road maintenance, property development and Samalaju Development divisions, which saw robust rises year-on-year in pretax profit.”