YTL Land & Development Bhd Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2018; Reports Impairment Charges for the Fourth Quarter Ended June 30, 2018
For the full year, the company reported revenue of MYR 330,125,000 against MYR 367,916,000 a year ago. Profit from operations was MYR 58,996,000 against MYR 48,117,000 a year ago. Loss before taxation was MYR 19,934,000 against profit of MYR 32,758,000 a year ago. Loss attributable to owners of the parent was MYR 74,089,000 or 5.02 sen per basic and diluted shares against profit of MYR 5,144,000 or 1.01 sen per basic and diluted shares a year ago. Net cash from operating activities was MYR 81,724,000 against net cash used in operating activities of MYR 16,629,000 a year ago. Purchase of property, plant and equipment was MYR 26,000 against MYR 46,000 a year ago. Net assets per share was MYR 0.94 compared to MYR 1.03 a year ago.
For the quarter, the company reported impairment loss on land held for property development was MYR 6,248,000.