PETALING JAYA: Earnings for YTL Corp Bhd
moving forward will be driven by its utilities and cement divisions.
Analysts note that the two divisions had shown sustained underlying recovery and were profitable in the financial year ended June 30, 2021 (FY21).
On Tuesday, YTL Corp reported core losses of RM106mil for its fourth quarter (Q4), which brought FY21 to a core net loss of RM66mil. While the core losses narrowed significantly, the results were below expectations of MIDF Research and CGS-CIMB Research.
MIDF Research said that going forward, the group’s utilities division would be catalysed by its 554 megawatt (MW) Jordan shale power plant, while its cement division could be positioned for acquisitive growth in South-east Asia.
...