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[转贴] [YTL CORP BHD,水泥行业的竞争依然非常​​激烈] - James的股票投资James Share Investing

James Ng
Publish date: Tue, 15 May 2018, 10:11 AM

[YTL CORP BHD,水泥行业的竞争依然非常​​激烈]

杨忠礼机构本季度除税前利润为3.956亿令吉,较上一年录得4.02亿令吉的利润减少640万令吉或1.6%。

建筑施工:
本季度,税前收入和利润下降是由于施工进度下降所致。

IT和电子商务:
在本季度,收入和税前利润的增长是由于内容和数字媒体部门的数字媒体广告数量增加以及存款赚取的利息收入增加。

水泥制造和贸易:
税前利润下降是由于生产成本增加和市场充满着竞争。

物业投资与开发:
在本季度,收入下降是由于完成Midfields 2项目以及The Fennel,Dahlia和U-Thant项目的进度收入较低,因为这些项目即将完成。

管理服务及其他:
本季度,收入增加是由于利息收入增加,而由于联营公司​​利润增加导致税前亏损改善。

酒店:
税前利润减少是由于马来西亚令吉增强后公司未实现外汇损失,JW Marriott KL酒店持续分阶段改造的影响以及The Ritz-Carlton酒店的开业前和培训费用。

公用事业:
税前利润减少是由于电力销售和油罐租赁的利润率下降以及融资成本上升。

前景:
水泥行业的竞争依然非常​​激烈。

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James Ng

Profit before tax for the current quarter was RM395.6m, a decrease of RM6.4m or 1.6% as compared to a profit of RM402m recorded in the preceding year.

Construction:
For the current quarter, the decrease in revenue and profit before tax was due to lower site progress recorded.

IT & e-commerce:
For the current quarter, the increase in revenue and profit before tax was due to higher digital media advertising recorded from content and digital media division and higher interest income earned on deposits.

Cement manufacturing & trading:
The decrease in profit before tax was due to increase in production cost and competitive pricing in the market.

Property investment & development:
For the current quarter, the decrease in revenue was due to completion of Midfields 2 project and lower progress billings from The Fennel, Dahlia and U-Thant projects, as these projects are nearing completion.

Management services & others:
For the current quarter, increase in revenue was due to higher interest income whilst the loss before tax improved due to an increase in associated companies' profit.

Hotels:
The decrease in profit before tax was due to the unrealized foreign exchange loss on inter-company balances following the strengthening of Ringgit Malaysia, impact of ongoing phased renovation of The JW Marriott KL and pre-opening and training expenses incurred by The Ritz-Carlton.

Utilities:
The decrease in profit before tax was due to lower margin recorded for both electricity sales and oil tank leasing, and coupled with higher finance costs.

Prospects:
The outlook for the cement industry remains highly competitive.

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James Ng

 

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