Cement News tagged under: Malayan Cement Bhd
Malayan Cement Bhd to repay borrowings with share placement16 April 2021, Published under Cement NewsMalayan Cement Bhd is expected to raise MYR226.95m (US$55m) mainly to repay bank borrowings via a proposed placement of up to 85m shares, representing 10 per cent of the company's issued shares as of 14 April 2021. The total fund is based on the illustrative issue price of MYR2.67 per placement share, said Malayan Cement. Malayan Cement said MYR53.93m out of the total proceeds would be used for working capital, MYR170m will be used to repay bank borrowings, and MYR3m to defray estimate... |
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... |
Malayan Cement announces 4Q19 net loss of US$9.1m21 February 2020, Published under Cement NewsMalayan Cement Bhd remained in the red in 4Q19, making a net loss of MYR38.55m (US$9.1m). The group has changed its financial year end to 30 June 2020 from 31 December 2019 after the emergence of YTL Cement Bhd as its largest shareholder. The better performance came despite revenue declining to CMY446.87m from CNY548.16m previously, no thanks to lower domestic sales that were partially offset by higher export sales. For the 12-month period ended 31 December 2019, Malayan Cement's net loss ... |
Malayan Cement shareholders approve RPTs with YTL Cement24 January 2020, Published under Cement NewsMalayan Cement, formerly Lafarge Malaysia, has obtained minority shareholder approval for MYR1.87bn (US$460m) worth of related-party transactions (RPTs) with its new controlling shareholder, YTL Cement, according to The Edge. The shareholders had previously voted down plans for MYR3.51bn worth of RPTs with YTL Cement last September. The new mandate will reportedly allow Malayan Cement to deal with YTL Cement on the sale and purchase of materials such as clinker, cement, aggregates, san... |
Malayan Cement Bhd on course for profits in 202007 November 2019, Published under Cement NewsMalayan Cement Bhd is likely to turn a profit from 2020 onwards by reducing operating costs and implementing a cost rationalisation initiative which began in 1H19, according to a research house. In the 1H19 Malayan Cement's net loss fell by 45 per cent YoY to MYR80.5m (US$19.4m) and while revenue was down six per cent, operating costs declined by 12 per cent. The company has since benefitted from improved cement prices, up from MYR210 to MYR230/t in October. Analyst Affin Hwang Capit... |
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