Home
>Media Hub
>Malayan Cement Registers 1st Quarter Revenue of RM1.2 Billion & Profit Before Tax of RM203 Million
Malayan Cement Registers 1st Quarter Revenue of RM1.2 Billion & Profit Before Tax of RM203 Million
27 November 2024
Malayan Cement recorded a 2% increase in revenue to RM1,170.4 million for the 3 months ended 30 September 2024 compared to RM1,148.1 million for the previous corresponding 3 months ended 30 September 2023. Profit before tax grew 31% to RM203.1 million for the 3 months under review compared to RM154.6 million for the same quarter last year, whilst profit after tax rose 45% to RM139.6 million this quarter over RM96.1 million for the same quarter last year.
Tan Sri (Sir) Francis Yeoh Sock Ping, Executive Chairman of Malayan Cement, said, “Revenue for the current quarter was comparable to the corresponding quarter last year, with the ready-mixed concrete segment contributing a higher share of revenue mainly due to increased demand for high grade ready-mixed concrete and bespoke products. The increase in profit before tax was mainly the result of ongoing improvements in operational efficiencies and lower production costs”.
EBITDA (earnings before interest, tax, depreciation and amortisation) increased 17% to RM339.2 million for the 3 months ended 30 September 2024, compared to RM291.2 million for the previous corresponding 3 months ended 30 September 2023.
The above is an extract of Malayan Cement Berhad's full year performance results. Read more here.
Return to Media Hub
|
Search More Articles
About Us
YTL Cement is Malaysia’s pioneer and largest building materials group. With a network of cement plants, terminals, ready-mixed concrete batching facilities, drymix operations, and aggregate quarries, YTL Cement is recognised as a partner in nation building. Over its 70-year legacy, the Group has contributed to the construction of residential, commercial, and infrastructural projects throughout Malaysia, including the Petronas Twin Towers, Merdeka 118, SMART Tunnel, and the nation’s iconic airports and bridges.
Extending its presence beyond domestic borders, YTL Cement now has operations in Southeast Asia, meeting the building material needs of neighbouring nations.
Recently, the Group launched its ECO Product Range, providing a diverse selection of low-carbon alternatives to conventional offerings. This eco-friendly range includes ECOCem™, a selection of low-carbon cements; ECOConcrete™, offering concrete with significantly reduced embodied carbon; ECOSand™, a perfect substitute for natural sand; and ECODrymix™, an eco-friendly pre-mix range. This initiative is part of its commitment to support the industry’s transition to sustainable construction.
Extending its presence beyond domestic borders, YTL Cement now has operations in Southeast Asia, meeting the building material needs of neighbouring nations.
Recently, the Group launched its ECO Product Range, providing a diverse selection of low-carbon alternatives to conventional offerings. This eco-friendly range includes ECOCem™, a selection of low-carbon cements; ECOConcrete™, offering concrete with significantly reduced embodied carbon; ECOSand™, a perfect substitute for natural sand; and ECODrymix™, an eco-friendly pre-mix range. This initiative is part of its commitment to support the industry’s transition to sustainable construction.
Copyright © 2024 YTL Cement Berhad [197701000339(31384-K)] | All rights reserved.
Aduan
