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.

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