September 28, 2016 1:44 PM 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

50 Employees

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 and Chairman of Remuneration Committee
Age: 34
Total Annual Compensation: 60.0K
Compensation as of Fiscal Year 2015.

Y&G Corporation Bhd Key Developments

Y&G Corporation Bhd Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Y&G Corporation Bhd reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of MYR 24,272,000 compared to MYR 37,428,000 a year ago. Profit from operations was MYR 5,659,000 compared to MYR 9,239,000 a year ago. Profit before tax was MYR 5,751,000 compared to MYR 9,937,000 a year ago. Profit attributable to equity holders of the parent was MYR 4,927,000 or 1.85 sen per diluted share compared to MYR 7,574,000 or 2.85 sen per diluted share a year ago. The decrease in profit was mainly due to the substantially lower turnover in the current financial quarter and year-to-date. For the six months period, the company reported revenue of MYR 45,578,000 compared to MYR 128,538,000 a year ago. Profit from operations was MYR 9,551,000 compared to MYR 27,765,000 a year ago. Profit before tax was MYR 9,800,000 compared to MYR 28,889,000 a year ago. Profit attributable to equity holders of the parent was MYR 7,666,000 or 2.88 sen per diluted share compared to MYR 21,321,000 or 8.01 sen per diluted share a year ago. Net cash used in operating activities was MYR 17,861,000 compared to net cash generated from operating activities of MYR 9,454,000 a year ago. Acquisition of property, plant and equipment was MYR 297,000 compared to MYR 541,000 a year ago. The group's revenue was mainly derived from the development activities for the current financial quarter and year-to-date ended 30 June 2016.

Y&G Corporation Bhd Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Goodwill on Consolidation Written-Off for the Second Quarter Ended June 30, 2016

Y&G Corporation Bhd reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, revenue was MYR 24,272,000 against MYR 37,428,000 a year ago. Profit from operations was MYR 5,659,000 against MYR 9,239,000 a year ago. Profit before tax was MYR 5,751,000 against MYR 9,937,000 a year ago. Profit attributable to equity holders of the parent was MYR 4,927,000 against MYR 7,574,000 a year ago. Diluted earnings per share were 1.85 sen against 2.85 sen a year ago. The lower turnover was primarily due to the lesser on-going development phases during the current financial quarter following the completion of several development projects/phases recently. For six months, revenue was MYR 45,578,000 against MYR 128,538,000 a year ago. Profit from operations was MYR 9,551,000 against MYR 27,765,000 a year ago. Profit before tax was MYR 9,800,000 against MYR 28,889,000 a year ago. Profit attributable to equity holders of the parent was MYR 7,666,000 against MYR 21,321,000 a year ago. Diluted earnings per share were 2.88 sen against 8.01 sen a year ago. Net cash flows used in operating activities was MYR 21,726,000 against net cash flows generated from operating activities of MYR 6,273,000 a year ago. Acquisition of property, plant and equipment was MYR 297,000 against MYR 541,000 a year ago. Expenditure incurred on land held for property development was MYR 225,000. Net assets share attributable to ordinary equity holders of the parent as at June 30, 2016 was MYR 1.37 against MYR 1.33 as at December 31, 2015. For the quarter, goodwill on consolidation written-off was MYR 3,000 against MYR 15,000 a year ago.

Y&G Corporation Bhd Announces Resignation of Wong Keo Rou as Company Secretary

Y&G Corporation Bhd announced resignation of Wong Keo Rou as Company Secretary of the company, effective May 31, 2016.

Recent Private Companies Transactions

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

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