YTL Land & Development Bhd announced unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2017. For the quarter, the company reported revenue of MYR 83,631,000 against MYR 69,732,000 a year ago. Loss from operations was MYR 28,107,000 against profit of MYR 17,727,000 a year ago. Loss before taxation was MYR 31,830,000 against profit of MYR 12,552,000 a year ago. Loss attributable to owners of the parent was MYR 33,117,000 or 2.34 sen per basic and diluted shares against profit of MYR 7,247,000 or 0.71 sen per basic and diluted shares a year ago.

For the full year, the company reported revenue of MYR 367,916,000 against MYR 203,640,000 a year ago. Profit from operations was MYR 47,226,000 against MYR 44,843,000 a year ago. Profit before taxation was MYR 31,478,000 against MYR 38,138,000 a year ago. Profit attributable to owners of the parent was MYR 5,144,000 or 1.01 sen per basic and diluted shares against MYR 16,395,000 or 1.92 sen per basic and diluted shares a year ago. Net cash used in operating activities was MYR 16,629,000 against MYR 64,563,000 a year ago. Purchase of property, plant and equipment was MYR 46,000 against MYR 643,000 a year ago. Net assets per share was MYR 1.02 compared to MYR 1.26 a year ago.

For the quarter, the company reported property, plant and equipment written off of MYR 11,000, Impairment loss on goodwill of MYR 20,789,000 and impairment loss on land held for property development of MYR 382,000.