Malayan Cement’s revenue increased 31% to RM2,306.6 million for the 6 months ended 31 December 2023 compared to RM1,755.8 million for the previous corresponding 6 months ended 31 December 2022. Profit before tax grew exponentially to RM342.1 million for the half-year under review compared to RM28.4 million for the same period last year, whilst profit after tax increased to RM217.4 million this year over RM16.2 million for the same period last year.
Tan Sri (Sir) Francis Yeoh Sock Ping, Executive Chairman of Malayan Cement, said, “Malayan Cement delivered a robust set of results for the first half of the 2024 financial year. The improved performance was due mainly to higher volumes and stabilisation in selling prices for both domestic cement and ready-mixed concrete, with this stabilisation cushioning the impact of higher energy costs”
EBITDA (earnings before interest, tax, depreciation and amortisation) grew more than 2-fold to RM613.8 million for the 6 months ended 31 December 2023, compared to RM257.1 million for the same period last yea
