YTL Land & Development Bhd Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2017; Reports Impairment Charges for the Fourth Quarter Ended June 30, 2017
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.