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Malayan Cement's Full-Year Profit After Tax Rises 169% to RM429 Million
22 August 2024
2nd Interim Dividend of 6.0 Sen per Share Declared, Annual Dividend Totals 10.0 Sen
Malayan Cement's revenue increased 18% to RM4,446.4 million for the 12 months ended 30 June 2024 compared to RM3,757.0 million for the 12 months ended 30 June 2023.
Profit before tax increased by 156% to RM647.5 million for the 12 months under review compared to RM253.1 million last year, whilst profit after tax rose 169% to RM429.0 million this year over RM159.2 million last year.
The Board of Directors of Malayan Cement declared a second interim dividend of 6.0 sen per ordinary share in respect of the financial year ended 30 June 2024, the book closure and payment dates for which are 30 October 2024 and 15 November 2024, respectively. Combined with the first interim dividend of 4.0 sen per ordinary share declared last quarter, this amounts to a total dividend of 10.0 sen per ordinary share in respect of the 2024 financial year.
Tan Sri (Sir) Francis Yeoh Sock Ping, Executive Chairman of Malayan Cement, said, "Malayan Cement achieved higher revenue this year due mainly to the stabilisation of the selling price for both domestic cement and ready-mixed concrete, in addition to continued improvements in operational efficiencies. Profit before tax for the 2024 financial year rose in tandem with the higher revenue, coupled with the moderation in coal prices".
EBITDA (earnings before interest, tax, depreciation and amortisation) increased 52% to RM1,093.0 million for the 12 months ended 30 June 2024, compared to RM718.8 million last year.
The above is an extract of Malayan Cement Berhad's full year performance results. Read more here.
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Malayan Cement Berhad (MCB) is the Malaysian operations of YTL Cement Group and the country’s leading building materials company. As part of a regional Group committed to helping you build better, MCB provides an integrated suite of high-performance materials and sustainable environmental services that support construction of all scales – from homes to major infrastructure.
With a legacy that spans more than 70 years, MCB operates integrated cement plants in five locations, four grinding plants, three cement terminals, two depots and over 50 ready-mixed concrete batching plants two drymix plants, three aggregate quarries, and a dedicated R&D facility – the Construction Development Lab.
MCB offers a full range of building solutions, including cement, clinker, ready-mixed concrete, drymix, and quarry products, all designed to meet the evolving needs of the Malaysian market. The company also delivers sustainable innovations such as its ECO Product Range and offers environmental services.
With a fleet of over 1,500 trucks covering more than 120,000 kilometres daily, MCB ensures efficient and reliable delivery to customers across Peninsular Malaysia. Its scale, operational reach, and long-standing experience position it as a key partner in nation building.
MCB offers a full range of building solutions, including cement, clinker, ready-mixed concrete, drymix, and quarry products, all designed to meet the evolving needs of the Malaysian market. The company also delivers sustainable innovations such as its ECO Product Range and offers environmental services.
With a fleet of over 1,500 trucks covering more than 120,000 kilometres daily, MCB ensures efficient and reliable delivery to customers across Peninsular Malaysia. Its scale, operational reach, and long-standing experience position it as a key partner in nation building.
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