The cement segment posted stronger revenue due to the consolidation of Malayan Cement Bhd (formerly known as Lafarge Malaysia Bhd) and the increase in sales volume and selling price from operations in China.
PETALING JAYA: YTL Corp Bhd
recorded a 65.6% year-on-year (y-o-y) drop in net profit for the third quarter ended March 31 as lower profits from its hotels, utilities, management services, cement manufacturing and information technology (IT) businesses dragged down its performance.
YTL Corp told the stock exchange yesterday that its net profit in the Jan-March 2020 period plunged to RM29.52mil compared to RM85.8mil in the same quarter last financial year.
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