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?

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, property, and hotel segments.

– Diversification: YTL Corp is exploring opportunities in power generation, water, sewerage, telecommunications, and data centers.

– Strong financial performance: The group's net profit 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.