Shuangxiong's strong performance in the 3rd quarter

Due to the increase in overall business revenue and profit, Yang Zhongli's net profit for the third quarter ending March 1 increased 19.82% year-on-year to RM49,231,000.

The agency reported to the Malaysian Stock Exchange that revenue for the quarter was recorded at RM7.24,000, down 1.66% year on year, mainly due to a decrease in the revenue contribution of the construction sector.

However, due to improved earnings in the construction sector, its profits continued to grow positively, while the industrial investment and development sector and the management services sector turned losses into profits.

Other sectors, such as the building materials industry, the hotel and utilities sector, have maintained excellent growth.

In the first nine months, Yang Zhongli's institutional net profit recorded a total of RM1,67.172,000, a year-on-year increase of 193%; revenue also increased 9% to RM22.258.5 billion.

Tan Sri Yang Subin, executive chairman of Yang Zhongli's agency, said in a statement that, driven by higher overall performance, the company continued to achieve strong results in the third quarter.

“The company's profit before interest, amortization and depreciation (EBITDA) increased 64% to RM7 billion in the nine months ending March 1, compared to RM4.3 billion in the same period last year.”

Looking forward to the future, the organization expects the company's business performance to remain strong under its daily operations and constantly observing the risks and impacts associated with all businesses.

Yang Zhongli Electric Power earned 2.39 billion in the first 9 months

The company also announced a dividend of 3 cents per share. The exclusion date is June 11 and the payment date is June 28.

As of March 31, the company's revenue was reported at RM5.1 billion 59,845,000, a year-on-year decrease of 3.69%.

According to the company, net profit for the quarter was outstanding, mainly due to higher interest income, increased earnings from joint ventures, and increased foreign exchange earnings, mainly due to higher interest income, increased earnings from joint ventures, and higher foreign exchange earnings.

Furthermore, despite a 13.3% decline in revenue from the power generation business, profit margin increased, and its profit before tax still recorded a 4.5% increase.

Net profit for the first nine months increased 168.21% year over year to RM2,391,75,000; revenue was reported at RM15.979,145,000, up 7.93% year over year.

Tan Sri Yang Subin, executive chairman of Yang Zhongli Electric Power, said that looking back at the strong growth over the past nine months, it was mainly due to the increase in earnings in the power generation business.

Additionally, he mentioned that the water and sewage sector recorded higher revenues due to new activity in the non-residential retail market and price increases permitted by industry regulators.”

Earnings before interest and amortization (EBITDA) for the first nine months increased 68% to RM5.2 billion, compared to RM3.1 billion in the same period last year.”

Looking forward to the future, the company is optimistic that while electricity demand will remain stable, the power generation department will continue to focus on customer service and operational efficiency, explore diversification outside of the core business, and enter comprehensive multi-utility supply.

Meanwhile, Malaya Ash announced that it will pay a dividend of 4 cents per share, with the exception date of June 10 and payment on June 26.