Yee Lee Corporation Bhd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018; Reports Property, Plant and Equipment Written Off for the Fourth Quarter Ended December 31, 2017
For the year, the company reported revenue of MYR 1,081.879 million against MYR 1,057.810 million a year ago. Profit before tax was MYR 46.025 million against MYR 56.506 million a year ago. Profit attributable to owners of the company was MYR 39.388 million against MYR 44.487 million a year ago. Earnings per diluted share were 20.67 sen against 23.63 sen a year ago. Net cash from operating activities was MYR 23.863 million against MYR 17.452 million a year ago. Purchase of property. Plant and equipment was MYR 33.603 million against MYR 16.936 million a year ago.
Barring any unforeseen and adverse circumstances, the Board believes that the group will continue to remain profitable for the financial year 2018.
For the quarter ended December 31, 2017, the company reported property, plant and equipment written off of MYR 0.159 million against MYR 0.073 million a year ago.