YTL Corp returns to profit in the 4QFY19

Malaysia’s YTL Corp Bhd posted a net profit of MYR2.44m (US$578,705) for the 4QFY19, against a net loss of MYR63.54m in the year-ago period. Revenue increased 20 per cent to MYR5.04bn from MYR4.2bn in the 4QFY18.

Except for its property and utilities business segments, the company recorded positive growth in profit before tax (PBT) in all its business divisions during the quarter. The construction division's PBT rose 63 per cent YoY to MYR44.7m, while cement manufacturing and trading's PBT was up 20 per cent to MYR12.7m.

In the full-year period, YTL’s net profit declined 24.1 per cent YoY to MYR258.85m, however revenue increased 13.2 per cent to MYR18bn from MYR15.89bn.