Malaysia‘s YTL's revenue declined by 13.9% in quarter of July-September 2014

In the quarter of July-September 2014, YTL of Malaysia recorded a 13.9% decline in its revenue from MYR 5.21 billion (€1.23 billion/US$1.55 billion) a year ago to MY 4.48 billion. Its net profit for the quarter dropped by 50% from MYR 427.56 million to MYR 216.13 million year-on-year, due to smaller contributions from its utility business and losses suffered by its management services and other divisions. During the quarter, the group‘sYTL cement manufacturing and trading segment registered a 13.2% dr

November 21, 2014 Read time: 1 min

In the quarter of July-September 2014, YTL of Malaysia recorded a 13.9% decline in its revenue from MYR 5.21 billion (€1.23 billion/US$1.55 billion) a year ago to MY 4.48 billion.

Its net profit for the quarter dropped by 50% from MYR 427.56 million to MYR 216.13 million year-on-year, due to smaller contributions from its utility business and losses suffered by its management services and other divisions.

During the quarter, the group‘sYTL cement manufacturing and trading segment registered a 13.2% drop in pre-tax profit to MYR 127.6 million, whereas the utilities segment posted a 24.7% decline in pre-tax profit to MYR 284 million. Its construction business registered a MYR 7.1 million pre-tax profit during the quarter, compared to a MYR 3.5 million pre-tax loss a year ago. Pre-tax profit in the property investment and development segment posted a 4% growth in pre-tax profit to MYR 94.2 million.

Quarry Products Auctions, Used Equipment, Rental & Finance

Malaysia: Quality Concrete's revenue rose by 42.1% to MYR 72.6 million

Due to revenue recognition for its property development division, the revenue of Malaysia-based Quality Concrete Holdings in its fourth-quarter, which ended in January 2016, rose year-on-year by 42.1% from MYR 51.10 million (€11.35 million/US$12.67 million) to MYR 72.6 million.

In the reporting period, a total of MYR 35.4 million of its revenue was from sales of completed shop commercial properties in the existing quarter.

The manufacturing and construction division contributed to lesser revenues in t

January 29, 2015

Caterpillar cuts 2015 profit forecast

Caterpillar has cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8%, Reuters news agency reports.

The US construction equipment manufacturing giant also posted a lower-than-expected quarterly profit. During Q4 2014, Caterpillar's energy business helped offset falling construction equipment sales and weakness in mining equipment orders due to lower copper, coal and iron ore prices.

Caterpillar said it expects on

February 26, 2015

US construction equipment exports drop 13% in 2014

Exports of US-made construction equipment ended 2014 with a 13.2% drop compared to 2013, with a total $17.26 billion (€15.4 billion) shipped to global markets. According to the Association of Equipment Manufacturers (AEM), citing US Department of Commerce data it uses in global markets reports for members, US exports fell to all world regions for 2014, and business to Europe, South America and Australia/Oceania was the hardest hit.

October 30, 2017

Summit Materials announce Third Quarter Results 2017

August 21, 2014

China’s 13.2% rise in H1 2014 building material revenue

The Chinese building material sector saw a 13.2% rise to US$358.13 billion (CNY 2.2 trillion) in its revenue during H1 2014, compared to the same period of last year.

According to the Ministry of Industry and Information Technology, the sector's gross profit hit $22.9 billion (CNY 141 billion), up by 21.8%; while the fixed assets investment rose 14.3% to $100.68 billion (CNY 619.9 billion). Meanwhile, the sector earned $15.5 billion from exports value, up by 8.9%. During H1 2014, production of flat glass

August 1, 2014

Financing costs rise hits Italcementi H1 2014 turnover

A sharp rise in financing costs is said to be behind Italcementi's turnover decline of 6% to €2.048.4 billion in H1 2014. The running Ebitda improved by 2.2% to €304.8 million helped by a 6.2% reduction in the amortisation and depreciation charge, while the trading profit improved by 27.7% to €99.8 million.

The 66.5% hike in financing costs, largely related to interest rate derivatives and derivatives on CO2 hedging, is said to have led to a net financial charge of €75.1 million. After contribution fro