YTL Corp, Malaysia’s biggest builder, said fiscal 2008 profit rose 11 per cent from a year earlier, helped by earnings at its utility and cement divisions.
Profit rose to RM848 million (US$254 million) in the 12 months ended June 30 from a year earlier, it said in an e-mailed statement today. Sales climbed 10 per cent to RM6.62 billion.
Contributions from its overseas operations including the UK, Australia and Indonesia continued to contribute the bulk of earnings, YTL said in the statement.
YTL has expanded its cement, power and water businesses by acquiring assets in China, Indonesia, Australia and the UK to boost growth.
It completed the purchase of Zhejiang Lin’an Jin Yuan Cement Co in China in November.
By Bloomberg
Tuesday, August 19, 2008
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment