YTL Land & Development Bhd reported unaudited consolidated earnings results for the first quarter ended September 30, 2016. For the quarter, the company reported profit from operations of MYR 15,492,000, profit before taxation of MYR 14,798,000 and profit attributable to owners of the parent of MYR 8,564,000 or 0.81 sen per basic and diluted share on total revenue of MYR 70,808,000 against profit from operations of MYR 14,776,000, profit before taxation of MYR 18,592,000 and profit attributable to owners of the parent of MYR 16,268,000 or 1.55 sen per basic and diluted share on total revenue of MYR 29,557,000 for the same period of last year. Net cash used in operating activities was MYR 26,994,000 against MYR 938,000 for the same period of last year. Purchase of property, plant and equipment was MYR 5,000 against MYR 77,000 for the same period of last year. The higher Group revenue was attributable to better site progress from the Fennel project undertaken by Sentul Raya Sdn Bhd. The Dahlia and the U-Thant Place projects undertaken by PYP Sendirian Bhd and Budaya Bersatu Sdn Bhd, (both wholly-owned subsidiaries), respectively made their maiden contribution to the Group’s revenue. The lower profit before taxation despite higher revenue in the current financial quarter was mainly due to lower unrealised gain on foreign exchange recorded by the company on amounts due from Singapore subsidiaries following the weakening of SGD in the current financial quarter under review as compared to the preceding year corresponding financial quarter.