YTL Corp sees cement revenue fall 4% in 9MFY19
YTL 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 Malay...
Malaysia
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Lafarge Malaysia reduces net loss in 1Q19
Lafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cent...
Hong Leong Asia looks to complete Tasek Corp takeover
Singapore-listed Hong Leong Asia is looking to take Malaysia’s Tasek Corp private in a deal worth an estimated MYR128.61m (US$30.6m), according to The Edge. The company currentl...
YTL executives appointed to Lafarge Malaysia board while CEO resigns
Yeoh Khoon Cheng has resigned as CEO of Lafarge Malaysia although he will stay on as the group’s executive director. In addition, Lafarge Malaysia Vice Chairman, Martin Kriegner...
Cahya Mata Sarawak reports 5% rise in net profit
Malaysia's Cahya Mata Sarawak Bhd (CMS) has announced a five per cent YoY increase in net profit to MYR40.76m (US$9.76m) from MYR38.98m for the first quarter of 2019, with the r...
The new Asian paradigm
This week CemNet news reported on the latest developments in LafargeHolcim's (LH) sale of Holcim Philippines Inc. Shares in the company have risen 50 per cent since January 2019...
Yeoh Khoon Chen redesignated as Lafarge Malaysia CEO
Lafarge Malaysia’s CFO Yeoh Khoon Cheng has been redesignated as the company’s CEO with immediate effect. On 16 November last year he was appointed interim CEO. He is a member o...
Lafarge Malaysia to benefit if East Coast Rail Link is revived
Lafarge Malaysia Bhd is in a great position to benefit from a resumption of the East Coast Rail Link's (ECRL), because the cement manufacturer has won contracts under the projec...
CTP Team wins Malaysian ESP to baghouse conversion project
Italy-based CTP Team has been awarded a turnkey project for air pollution control in Malaysia for the conversion of an existing PL1 raw mill electrostatic precipitator (ESP) int...
YTL Corp records 11.3% net profit decline
Malaysia’s YTL Corp saw a 11.3 per cent decrease in net profit for the 1QFY19, falling to MYR125.79m (US$30m) from MYR141.82m in the year-ago period. The decline has been attrib...