Displaying items by tag: YTL Cement
YTL Corporation’s net profit down by 15.6%
21 August 2015Malaysia: YTL Corporation saw a 15.6% year-on-year decline in net profit to US$71.8m for the quarter that ended on 30 June 2015. Its revenue fell by 10.6% to US$987m. YTL Corporation attributed the decline to lower contributions from cement manufacturing and trading, information technology and e-commerce-related business, property investment and development, hotels and utilities.
For the full year that ended on 30 June 2015, YTL Corp's net profit fell from 31% to US$257m, due to lower contributions from cement manufacturing and trading, property investment and development and utilities. During the year, revenue fell by 12.7% to US$3.85bn.
YTL profit up on cement sector in 2014 fiscal year
29 August 2014Malaysia: The net profit of YTL Corp, which operates in the cement, property and other sectors, increased by 2.6% to US$107m in the fourth quarter of its 2014 fiscal year, which ended on 30 June 2014. Revenue, however, fell by 9.6% to US$1.44bn.
For the full year to 30 June 2014, YTL's net profit rose by 20.8% to US$490m from US$400m. Revenue slipped over the year to US$6bn from US$6.33m in the 2013 fiscal year.
"Our cement, property development and investment and hotel divisions all registered good growth," said group managing director Tan Sri Francis Yeoh Sock Ping in a statement. Yeoh said the jump in net profit was mainly due to improvements in the group's cement business, along with its property and hospitality businesses.
Germany: Gebr. Pfeiffer has announced new orders for mills in Turkey, Iraq and Malaysia.
In Turkey, Bilim Makina has ordered four mills for a cement plant in Elazig. The order covers an MPS 250 BK roller mill with a drive power of 500kW for coal grinding and two safety shut-off dampers. The mill is designed to yield 35t/hr of petroleum coke, with the material being ground to a fineness of 3.5% R90 µm. A MPS 5000 B mill will be used for cement raw material grinding. The mill featuring a drive power of 3800kW will be capable of producing 470t/h of cement raw material ground to a fineness of 12% R 90µm. Two MPS 5000 BC vertical roller mills will be used for cement grinding. Each of the mills features a drive power of 4400kW and will grind 200t/h of Ordinary Portland Cement with a specific surface of 3400cm2/g acc to blaine. All four mills are scheduled to be delivered in the spring of 2015.
In Iraq, Sinoma Suzhou Construction, acting as general contractor, has ordered two MVR 6000 C-6 cement mills. The two MVR cement mills will come equipped with a conventional drive with an installed power of 6000kW. They will grind various cement qualities to the required fineness degrees between 3600 - 5500cm2/g depending on the product type, achieving capacities of 132 - 210t/hr. The cement mills are scheduled to be delivered at the end of 2014.
In Malaysia, Sinoma subsidiary Tianjin Cement Industry Design & Research Institute (TCDRI) has ordered one MPS 2800 BK coal mill for YTL Cement. Featuring an installed power of 700kW, the coal mill will be grinding 35t/hr of a sub-bituminous coal with a total moisture content of 25% to a product fineness of ≤10% R 90µm. The delivery of the mill is scheduled for the end of 2014.