Malaysia: Tasek’s revenue up, profit down

Cement producer Tasek of Malaysia registered a 7% year-on-year increase in its revenue from MYR 656 million (€140.42 million/US$158.07 million) to MYR 702.5 million in 2015, while its pre-tax profit decreased from MYR 136.32 million to MYR 119.82 million. Revenue and net profit reported by Tasek in October-December 2015 alone stood at MYR 188.40 million (up 8.9%) and at MYR 18.47 million (down 33%), respectively. The company attributed its weaker profit in 2015 to increased production costs and intens
February 17, 2016 Read time: 1 min

Cement producer Tasek of Malaysia registered a 7% year-on-year increase in its revenue from MYR 656 million (€140.42 million/US$158.07 million) to MYR 702.5 million in 2015, while its pre-tax profit decreased from MYR 136.32 million to MYR 119.82 million.

Revenue and net profit reported by Tasek in October-December 2015 alone stood at MYR 188.40 million (up 8.9%) and at MYR 18.47 million (down 33%), respectively.

The company attributed its weaker profit in 2015 to increased production costs and intense price competition.

Auctions, Used Equipment, Rental & Finance

Related Content

March 31, 2016

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

November 21, 2014

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

March 21, 2019

Titan net profit up by 26%

Greece-based global materials supplier Titan Group increased its net profit by 26.2% in full-year 2018 from the previous year.

Group net profit after minority interests and the provision for taxes reached €53.8m in 2018, compared with €42.7m in 2017.

in 2018, the USA was the main profit generator for the group. Titan says that economic and population growth rates in the regions where the group is active have resulted in an increase in demand for both residential and commercial real estate, against a

boombox1

Highlighted Content

boombox2