April 23, 2017 5:58 AM ET

Construction and Engineering

Company Overview of Y&G Corporation Bhd

Company Overview

Y&G Corporation Bhd, an investment holding company, provides property construction and management services in Malaysia. It is also involved in the investment and development of residential and commercial properties; and general trading activities. The company was formerly known as Merces Holdings Berhad and changed its name to Y&G Corporation Bhd in 2008. The company is based in Petaling Jaya, Malaysia. Y&G Corporation Bhd is a subsidiary of Kinta Aroma Sdn Bhd.

Tower B

Lot G-01, Ground Floor

PJ City Development

No. 15A, Jalan 219, Seksyen 51A

Petaling Jaya,  46100

Malaysia

Phone:

60 3 7876 1188

Fax:

60 3 7874 3788

Key Executives for Y&G Corporation Bhd

Managing Director and Executive Director
Age: 57
Total Annual Compensation: 60.0K
Deputy Managing Director and Executive Director
Age: 55
Total Annual Compensation: 60.0K
Executive Director
Age: 34
Total Annual Compensation: 60.0K
Compensation as of Fiscal Year 2015.

Y&G Corporation Bhd Key Developments

Y&G Corporation Bhd Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Announces Consolidated Goodwill on Consolidation Written-Off for the Fourth Quarter Ended December 31, 2016; Provides Earnings Guidance for the Financial Year Ending December 31, 2017

Y&G Corporation Bhd announced consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported revenue of MYR 33,789,000 compared to MYR 8,403,000 a year ago. Profit from operations was MYR 6,782,000 compared to MYR 833,000 a year ago. Profit before tax was MYR 6,906,000 compared to MYR 843,000 a year ago. Profit attributable to owners of the parent was MYR 4,620,000 compared to MYR 1,699,000 or 1.74 Sen per diluted share a year ago. For the year, the company reported revenue of MYR 116,428,000 compared to MYR 165,626,000 a year ago. Profit From operations was MYR 25,509,000 compared to MYR 36,993,000 a year ago. Profit before tax was MYR 25,947,000 compared to MYR 38,430,000 a year ago. Profit attributable to owners of the parent was MYR 18,431,000 or 6.92 sen per diluted share compared to MYR 29,123,000 or 10.94 sen per diluted share a year ago. Net cash used in operating activities were MYR 522,000 compared to net cash generated from operating activities of MYR 40,411,000 a year ago. Acquisition of property, plant and equipment was MYR 506,000 compared to MYR 1,168,000 a year ago. For the quarter, the company's goodwill on consolidation written-off was MYR 3,000. Despite the unfavourable economic climate in Malaysia, the Group's performance for the financial year ending December 31, 2017 is expected to remain satisfactory.

Y&G Corporation Bhd Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Financial Guidance for the Financial Year Ending December 31, 2016

Y&G Corporation Bhd reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2016. For the quarter, revenue was MYR 37,061,000 against MYR 28,685,000 for the same period of last year. Profit from operations was MYR 9,176,000 against MYR 8,394,000 for the same period of last year. Profit before tax was MYR 9,241,000 against MYR 8,697,000 for the same period of last year. Profit for the period attributable to equity holders of the parent was MYR 6,146,000 against MYR 6,102,000 for the same period of last year. Diluted earnings per share was 2.31 sen against 2.29 sen for the same period of last year. The higher turnover in the current financial quarter was primarily due to the better take-up rates for several on-going development projects which are approaching completion. For the nine months, revenue was MYR 82,640,000 against MYR 157,223,000 for the same period of last year. Profit from operations was MYR 18,727,000 against MYR 36,375,000 for the same period of last year. Profit before tax was MYR 19,042,000 against MYR 37,802,000 for the same period of last year. Profit for the period attributable to equity holders of the parent was MYR 13,811,000 against MYR 27,423,000 for the same period of last year. Diluted earnings per share was 5.19 sen 10.30 sen for the same period of last year. Net cash flows used in operating activities was MYR 33,891,000 against inflow of MYR 1,406,000 for the same period of last year. Acquisition of property, plant and equipment was MYR 707,000 against MYR 964,000 for the same period of last year. The significantly lower turnover was primarily due to the relatively lesser on-going development projects during the current financial year (following the completion of several development projects at the end of previous financial year) coupled with the relatively higher take-up rate ahead of new GST implementation during the previous financial year. While, the profit after tax for the current financial year-to-date was lower as compared to the preceding year's corresponding year-to-date profit after tax primarily due to the substantially lower turnover in the current financial year-to-date and partly also due to the initial marketing and promotion expenses incurred in the current financial quarter. The company announced that barring any unforeseen circumstances, the Directors are expecting a satisfactory and sustainable financial performance of the Group for the current financial year ending December 31, 2016. As at 30 September 2016, the Group has unbilled sales of MYR 113 million from its current on-going development projects. These projects (together with the new development projects to be launched in the near future) are expected to contribute positively to the Group's revenue and profit for the remaining quarter and the coming financial years.

Y&G Corporation Bhd Declares Interim Single-Tier Dividend for the Year Ending December 31, 2016, Payable January 10, 2017

Y&G Corporation Bhd declared interim single-tier dividend of 5 sen per ordinary share for the year ending December 31, 2016, payable January 10, 2017 to shareholders registered on the register of depositors at the close of business on Dec. 23, 2016.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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