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Shuangxiong's strong performance in the 3rd quarter, Yang Zhongli's agency made a big profit of nearly 500 million. Yang Zhongli Electric Power's net profit increased 34%
Organised by Yang Zhongli $YTL(4677.MY$Yang Zhongli's family of companies, led by the group, today announced outstanding results for the 3rd quarter of the 2024 fiscal year.
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.
Earn 1.6 billion in the first 9 months
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 anticipates its daily operation and constant observation of the office...
Organised by Yang Zhongli $YTL(4677.MY$Yang Zhongli's family of companies, led by the group, today announced outstanding results for the 3rd quarter of the 2024 fiscal year.
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.
Earn 1.6 billion in the first 9 months
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 anticipates its daily operation and constant observation of the office...
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On May 22, after market hours, Eastern Time, $NVIDIA(NVDA.US$ released its Q1 FY25 (natural season Q1 2024) performance , delivering a spectacular report card that wowed the market, with the stock price soaring over 6% after hours to break through $1000.
Thanks to the wave of AI transformation, the company's profits have continued to double. This quarter, the company achieved revenues of $26 billion, a YoY i...
On May 22, after market hours, Eastern Time, $NVIDIA(NVDA.US$ released its Q1 FY25 (natural season Q1 2024) performance , delivering a spectacular report card that wowed the market, with the stock price soaring over 6% after hours to break through $1000.
Thanks to the wave of AI transformation, the company's profits have continued to double. This quarter, the company achieved revenues of $26 billion, a YoY i...
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$Snowflake(SNOW.US$ Here's a quick roadmap on how they get there 🧐
Introduction
• Snowflake provides a cloud-based data warehousing solution that is engineered for high scalability and exceptional performance. As the volume of data generated by businesses continues to grow exponentially -- the need for efficient ways to store, manage, and analyze this data becomes increasingly critical.
• A distinct advantage of Snowflake’s pla...
Introduction
• Snowflake provides a cloud-based data warehousing solution that is engineered for high scalability and exceptional performance. As the volume of data generated by businesses continues to grow exponentially -- the need for efficient ways to store, manage, and analyze this data becomes increasingly critical.
• A distinct advantage of Snowflake’s pla...
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$Bitcoin(BTC.CC$ price rallied to the coveted $70,000 mark amid a noticeable surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing, with the cryptocurrency community pondering whether the bull market is just beginning or nearing its peak.
$iShares Bitcoin Trust(IBIT.US$
$ProShares Bitcoin Strategy ETF(BITO.US$
$Grayscale Bitcoin Trust(GBTC.US$
$Fidelity Wise Origin Bitcoin Fund(FBTC.US$
$2x Bitcoin Strategy ETF(BITX.US$
In the end, I will share ...
$iShares Bitcoin Trust(IBIT.US$
$ProShares Bitcoin Strategy ETF(BITO.US$
$Grayscale Bitcoin Trust(GBTC.US$
$Fidelity Wise Origin Bitcoin Fund(FBTC.US$
$2x Bitcoin Strategy ETF(BITX.US$
In the end, I will share ...
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$FFIE 240621 1.00C$
Thanks for the options 😉
Thanks for the options 😉
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$DBS Group Holdings(D05.SG$ Thankful to have bought in the dip in 2022. Sitting on some good profits.
I still remembered back then I was still wasting time doing ETFs $Lion-OCBC Sec HSTECH S(HST.SG$ and $Lion-OSPL China L S(YYY.SG$ which now I look back still stuck at low value even lower than when I sold them. I dont think in any near future will these counters award investors with the profits I gotten now.
Luckily I profited a bit on the HST counter, and dumpe...
I still remembered back then I was still wasting time doing ETFs $Lion-OCBC Sec HSTECH S(HST.SG$ and $Lion-OSPL China L S(YYY.SG$ which now I look back still stuck at low value even lower than when I sold them. I dont think in any near future will these counters award investors with the profits I gotten now.
Luckily I profited a bit on the HST counter, and dumpe...
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$GameStop(GME.US$
Do yall think this is a pullback or is this done?
To me it looks over but I'm willing to risk a small amount for tomorrow.
Do yall think this is a pullback or is this done?
To me it looks over but I'm willing to risk a small amount for tomorrow.
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