Cement News tagged under: YTL Corp Bhd
YTL Corp net profit rises 9% in 3QFY2131 May 2021, Published under Cement NewsYTL Corp Bhd recorded a nine per cent increase in its net profit to MYR93.5m (US$22.6m) for the third financial quarter ended 31 March 2021 (3QFY21), up from MYR85.4m in the preceding quarter. Revenue fell eight per cent QoQ to MYR4.22bn, from MYR 4.59bn in 2QFY21. "We have continued to see good recovery, particularly in our key utilities division which has registered a marked turnaround in the merchant multi-utilities subsegment in Singapore, as well as our cement and construc... |
YTL Cement to consolidate Malaysian cement businesses13 May 2021, Published under Cement NewsYTL Cement (YTL Corp) has signed an agreement to sell its entire cement and RMC operations in Malaysia to its 76.98 per cent subsidiary Malayan Cement for a MYR5.16bn (US$1.25bn) cash and stock deal. The deal will see Malayan Cement acquire 12 companies from YTL Cement. YTL Cement’s shareholding in Malayan Cement is expected to increase to approximately 78.58 per cent upon completion of the agreement and the ongoing private placement of up to 85m new Malayan Cement shares. "YTL Cement wil... |
YTL Cement completes divestment of China subsidiary05 May 2021, Published under Cement NewsYTL Cement (Hong Kong), a subsidiary of YTL Corp Bhd, has finalised the disposal of its 100 per cent equity interest in Zhejiang Hangzhou Dama Cement Co Ltd (Dama Cement), according to local press reports. Dama Cement owns a cement plant in Lin’an district, Zhejiang Province, China. YTL Cement invested in the company in 2007 and has seen aggregate returns of about CNY1.3bn (US$200.8m), said a statement. The price of the disposal was undisclosed. “This is an ideal time for us to make an e... |
YTL Corp Bhd's net profit rises to MYR16m01 March 2021, Published under Cement NewsYTL Corp Bhd’s net profit jumped to MYR16.09m (US$3.9m) in the 2QFY21, ended 31 Dec 2020, from MYR1.29m in the preceding quarter, thanks to a strong showing by its multi-utilities business segment in Singapore. Revenue increased 10 per cent to MYR4.59bn, from MYR4.18bn in 1QFY21. Group Executive Chairman Tan, Sri Francis Yeoh Sock Ping, said YTL Corp's earnings before interest, tax, depreciation and amortisation (EBITDA) stood at MYR2bn for the six months, as the group remained resilie... |
YTL Corp posts 18% rise in revenue27 November 2020, Published under Cement NewsMalaysia’s YTL Corp has posted an 18.2 per cent MoM increase in revenue to MYR4.2bn (US$1.03bn) for the third quarter of 2020, compared with MYR3.5bn in the 2Q20. Pre-tax profit also improved to MYR136.8m from a loss of MYR135.5m in the previous quarter. The sequential improvement in performance was mainly driven by its cement and utilities segments. |
YTL Corp returns to profit in the 4QFY1930 August 2019, Published under Cement NewsMalaysia’s YTL Corp Bhd posted a net profit of MYR2.44m (US$578,705) for the 4QFY19, against a net loss of MYR63.54m in the year-ago period. Revenue increased 20 per cent to MYR5.04bn from MYR4.2bn in the 4QFY18. Except for its property and utilities business segments, the company recorded positive growth in profit before tax (PBT) in all its business divisions during the quarter. The construction division's PBT rose 63 per cent YoY to MYR44.7m, while cement manufacturing and trading's PB... |
YTL Corp sees cement revenue fall 4% in 9MFY1904 June 2019, Published under Cement NewsYTL Corp Bhd released disappointing results for the 9MFY19 for its cement division. Cement revenue was down by four per cent YoY, but earnings were up 96 per cent YoY. The Malaysian company reported lower a sales volume impacting its top line. YTL Cement's margins improved significantly given the higher selling price and lower operating expenditure. The recent 51 per cent acquisition of Lafarge Malaysia will reflect a small loss in contributions in 4QFY19. The acquisition is expected to im... |
Malaysia: YTL Corporation Bhd full-year pretax profit down 15.7% YoY24 August 2015, Published under Cement NewsYTL Corporation Bhd's pre-tax profit for the financial year ended 30 June 2015 fell to MYR2.37bn (US$562m) from MYR2.81bn a year earlier. Revenue decreased to MYR16.8bn from MYR19.3bn previously, the company said in a filing to Bursa Malaysia On its outlook, YTL Corp expects to achieve overall satisfactory performance for the financial year ending 30 June 2016 in construction, information technology and e-commerce businesses, cement manufacturing and trading, property investment and develo... |
Malaysia: cement division boosts YTL full-year profit04 September 2014, Published under Cement NewsMalaysia-based YTL Corp posted a 20.8 per cent rise in full-year attributable profit to MYR1.539bn (US$485.7m) to the end of June 2014, largely driven by a good performance by its cement division. "The jump in net profit was contributed mainly by our cement business, which saw better performance in the concrete and quarry segments, as well as the net fair value gain on investment properties recorded by our real estate investment trusts (REITs), YTL Hospitality REIT in Malaysia and Sta... |
YTL plans more acquisitions, Malaysia30 March 2012, Published under Cement NewsYTL Corp Bhd, the best performer on Malaysia’s benchmark index this year, may buy power, cement or property assets in Asia in the next six months to expand its business in the region, according to managing director Tan Sri Francis Yeoh said. The utilities and construction group had identified targets and might make a purchase in the second or third quarter, Yeoh, 57, said in an interview on Tuesday, declining to be more specific. The company might boost dividend payouts to the highest lev... |
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