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Malayan Cement Registers 2nd Quarter Revenue of RM1.2 Billion, Profit After Tax Increases 32% to RM185 Million
21 February 2025
Interim Dividend of 5.0 Sen per Share Declared
Malayan Cement’s revenue stood at RM1,153.1 million for the 3 months ended 31 December 2024 compared to RM1,170.4 million for the previous 3 months ended 30 September 2024. Profit before tax increased 26% to RM256.0 million for the 3 months under review compared to RM203.1 million for the preceding quarter, whilst profit after tax rose 32% to RM184.9 million this quarter over RM139.6 million last quarter.
The Board of Directors of Malayan Cement declared an interim dividend of 5.0 sen per ordinary share in respect of the financial year ending 30 June 2025, the book closure and payment dates for which are 6 March 2025 and 27 March 2025, respectively.
Tan Sri (Sir) Francis Yeoh Sock Ping, Executive Chairman of Malayan Cement, said, “Whilst revenue for the current quarter declined marginally due mainly to lower domestic cement sales, higher profit resulted primarily from a gain on the compulsory acquisition of land, as well as lower borrowing costs.
“The Group’s ongoing efforts to reduce costs and improve efficiency continued to yield positive results for the financial year to date, supported by strong leadership and a strategic focus on innovation. All business units contributed to the improved performance, reflecting the strength of the Group’s diversified portfolio. Notably, the ready-mix business continues to excel by delivering high-value, bespoke products tailored to the evolving needs of the construction industry.”
For the cumulative 6 months ended 31 December 2024, EBITDA (earnings before interest, tax, depreciation and amortisation) increased 16% to RM710.6 million compared to RM613.8 million for the previous corresponding 6 months ended 31 December 2023.
The above is an extract of Malayan Cement Berhad's full year performance results. Read more here.
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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.
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