YTL Corp earnings down despite higher topline
Taking a hit: YTL Corp’s earnings in the first quarter fell due to lower contributions from its cement manufacturing and trading, property investment and development as well as utilities segments.
PETALING JAYA: YTL Corp Bhd 
’s net profit declined by 11.3% year-on-year (y-o-y) in its first quarter ended Sept 30, despite an increase in its topline and a higher operating income.
Earnings in the first quarter fell to RM125.79mil, from RM141.82mil in the previous corresponding quarter due to lower contributions from its cement manufacturing and trading, property investment and development as well as utilities segments.
However, revenue in the three-month period rose by 4.3% y-o-y to RM4.09bil from RM3.92bil a year earlier, the conglomerate said in a filing with Bursa Malaysia.
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