While the recent Anti-Graft Inquiry may have caused short-term volatility, this company's long-term profitability remains a factor to consider. Is it still a financially sound investment?

While the recent Anti-Graft Inquiry may have caused short-term volatility, but this company's long-term profitability remains a factor to consider. Is it still a financially sound investment?

YTL Corp Bhd's net income in the first half of 2024 exceeded 1 billion ringgit, surpassing the full-year profit of the previous year. This was driven by the strong performance of its utilities, cement, and Australian hotel business.

– Strong financial performance: Three listed subsidiaries YTL Power, Malayan Cement, and YTL Hospitality REIT all achieved impressive performance in the first half of the year.

– Positive Outlook: The group remains optimistic about future growth, especially in the areas of construction, cement, real estate, and hotels.

– Diversification: YTL Corp is exploring opportunities in the power generation, water affairs, sewerage, telecommunications, and datacenter sectors.

– Strong financial performance: The group's net income increased by over 800% year-on-year, with a revenue growth of 15%.

– Dividends: Although YTL Corp did not announce dividends for the quarter, its strong financial performance indicates the possibility of future dividend distribution.

Overall, YTL Corp is well-prepared for sustained growth and success with its strong financial performance and diversified business portfolio.

YTL Corp Bhd reported a supernormal net profit exceeding RM1 billion in its first half financials for 2024, surpassing its full-year profit for the previous year. This was driven by strong performances from its utilities, cement, and Australian hotels businesses.

– Strong financial results: All three listed subsidiaries, YTL Power, Malayan Cement, and YTL Hospitality REIT, posted impressive results for the first half.

– Positive outlook: The group remains optimistic about future growth, especially in construction, cement, real estate, and hotel segments.

– Diversification: YTL corp is exploring opportunities in power generation, water affairs, sewerage, telecommunications, and datacenters.

– Strong financial performance: The group's net income surged by over 800% year-on-year, and revenue increased by 15%.

– Dividend: YTL Corp did not declare a dividend for the quarter, but its strong financial performance suggests potential future dividend payouts.

Overall, YTL Corp is well-positioned for continued growth and success, backed by its strong financial performance and diversified business portfolio.