YTL Corp Q3 net more than doubles
Business Times, 22 May 2009
YTL Corp's net profit rose 27.7 per cent to RM787.2 million for the nine months ended March 31, driven by its cement business and contributions from a recent acquisition
YTL Corp 3rd Quarter Revenue Grows 13% to RM5.3 Billion (US$1.5 Billion), Net Profit Jumps 28% to RM787 Million (US$222 Million)
YTL Power Declares 7.5% Single Tier Interim Dividend
YTL Cement Declares 7.5% Single Tier Interim Dividend
Kuala Lumpur, 21 May 2009
YTL Group Managing Director Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, "The first nine months of the 2009 financial year saw the Group complete two significant acquisitions, both of which contributed to YTL Corp's better financial performance during the quarter under review. We completed our acquisition of PowerSeraya in March 2009, consolidating one month's performance this quarter, whilst in December 2008, we acquired 26% of Singapore's Starhill Global REIT and 50% of the holding company of the REIT's manager, resulting in an increase in profit due to the recognition of the fair value excess of the REIT's identifiable assets and liabilities over the cost of the investment."
YTL Power declared a 7.5% single tier 3rd interim dividend for the financial year ending 30 June 2009. Combined with the 1st and 2nd interim dividends and share dividend distribution made earlier this financial year, this 3rd interim dividend results in a gross dividend yield of 8.3% for YTL Power, for the financial year to date.
YTL Cement declared a 7.5% single tier 3rd interim dividend for the financial year ending 30 June 2009. Combined with the 1st and 2nd interim dividends paid earlier this financial year, this results in a gross dividend yield of 4.0% for YTL Cement, for the financial year to date.