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KUALA LUMPUR: YTL Corp 1QFY20 results were broadly in line; core net profit rose 58% year-on-year (yoy), driven by strong revenue growth of 29% yoy.
AIRASIA BHD’s current valuation is at the high end. The group is expected to record a net profit of RM336mil for 2H19, which is below consensus’ expectation of RM341mil.
WASHINGTON (Reuters) - The United States carried out a pre-planned air strike in northern Syria on Wednesday to destroy an ammunition cache and military equipment that were left behind as U.S. personnel prepare for a withdrawal from northeast Syria, U.S. officials said.
BEIRUT (Reuters) - The U.S.-led coalition said on Wednesday that its forces had left the Syrian cities of Tabqah and Raqqa as well as a Lafarge cement factory as part of the withdrawal from northeast Syria.
KUALA LUMPUR: Shares in Lafarge Malaysia Bhd rose 2.3% in early trade Tuesday after minority shareholders voted down a plan to enter into recurrent related party transactions (RPT) worth about RM3.5bil with YTL Cement Bhd.
PETALING JAYA: Cement maker Lafarge Malaysia Bhd, whose net loss widened by over RM104mil last year, is expected to return to profitability in the financial year of 2021 (FY21), according to AllianceDBS Research
PETALING JAYA: Cement prices are expected to go up by the end of the year, following early signs of recovery that have come about as a result of the acquisition of Lafarge Malaysia Bhd by YTL Cement Bhd.