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YTL Corp Bhd recorded a net profit of RM152.6mil for its third quarter ended March 31, an increase of 5.1% compared with a net profit of RM145.3mil in the previous corresponding quarter.
The Ninth Malaysia Plan (9MP), projected to be tabled at the end of the month, is expected to revive, in particular, the construction sector although its hey days are long gone, analysts said.
Cement Industries of Malaysia Bhd (CIMA) shares rose 16 sen, or 8.47%, to RM2.05 yesterday following a report in Singapore's I>Business Times/Ithat the company was considering selling 51% of its cement assets to the Vicat group from France for 'at least US$160mil'.
MALAYSIAN companies acquired more than S$1bil worth of Singaporean assets this year, after the end of exchange controls on money leaving the country.
The I>Corporate Governance (CG) Survey Report 2004, /I>released yesterday, showed a high level of compliance with the local code on CG among publicly listed companies but they lagged when it came to complying with the recommended international best practices (IBP).
YTL Corp Bhd has reported a significant jump in both revenue and net profit to RM1.36bil and RM183.7mil respectively for the first quarter ended Sept 30 on improved operating results from its cement manufacturing and utilities business.