YTL Corp full year revenue rises 6% to RM19.17bil

TheStar Sat, Aug 29, 2020 09:10am - 3 years View Original


Executive chairman Tan Sri Francis Yeoh Sock Ping said the rise in revenue was contributed mainly by its construction and cement segments.

PETALING JAYA: YTL Corp Bhd’s revenue rose 6.2% to RM19.17bil for the 12 months ended June 30 versus RM18.05bil a year ago, while profit before tax (PBT) stood at RM430mil compared with RM1.03bil a year ago.

Executive chairman Tan Sri Francis Yeoh Sock Ping said the rise in revenue was contributed mainly by its construction and cement segments.

“After eliminating the losses arising from fair value changes, impairments and inventory write-downs of RM226.2mil, the group recorded PBT of RM656.2mil for the current financial year, ” Yeoh said.

He said the April-June quarter involved some of the most stringent parts of the ongoing movement control order (MCO) in Malaysia and various lockdowns and border closures in countries where the group operates.

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