Are better times ahead for Lafarge Malaysia Cement?
ICR highlighted the plight of Lafarge Malaysia this week as the company reported a 3Q17 loss of US$10.3m with expectations of no return to profit until FY18 . However, the Lafar...
Malaysia
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Lafarge Malaysia Bhd expected to return to profitability in FY18
Excess supply and price pressure due to escalating competition have negatively impacted Lafarge Malaysia Bhd’s earnings in the current financial year. The company has posted thr...
CMS sees 3Q profit rise
Malaysia's Cahya Mata Sarawak Bhd (CMS) reported 3Q17 consolidated revenues of MYR347.968m (US$85.12m), down 2.3 per cent from MYR356.06m in 3Q16.
Tasek sees fall in net profit for 3Q17
Malaysia-based Tasek Corp Bhd posted a 3Q net profit of MYR1.89m (US$447,190) a fall from MYR7.56m in the corresponding period of the previous year, according to The Star Online...
YTL Corp founder dies
Yeoh Tiong Lay, the founder of and execuitive chairman of group YTL Corp, passed away on Wednesday, the group said in a news release. He was 88 years old.
LafargeHolcim
LafargeHolcim’s subsidiary Lafarge Malaysia has reported a first-half turnover decline of 18 per cent to MYR1090m (EUR214m/US$259.7m) and there was a net loss of MYR92.02m (EUR1...
CIMB Equities Research encouraged by Lafarge Malaysia's 2Q17 performance
CIMB Equities Research is maintaining a 'Hold' verdict on Lafarge Malaysia. The research entity said on Monday it had raised its target price to MYR6.34 (US$1.50) from MYR5.50 (...
Lafarge Malaysia Bhd reports 2Q loss
Lafarge Malaysia Bhd posted a net loss of MYR44.09m (US$10.3m) in its second quarter of 2017, compared to a net profit of MYR18.36m in the corresponding period amid weaker domes...
CMS reports rise in 2Q net profit
Cahya Mata Sarawak Bhd's (CMS) net profit jumped to MYR64.73m (US$15.2m) in the second quarter ended June this year from MYR7.9m in the same period a year ago.
Challenging year for YTL's cement division
FY17 is proving to be a challenging year for YTL Corp’s cement business due to overcapacity and weak demand from the property segment, according to a report by Affin Hwang Inves...