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YTL Corp's 3rd Quarter Revenue Grows 12% to RM13.1 Billion (US$4.3 Billion); Net Profit Increases to RM755 Million (US$249 Million)
YTL Corp, 26 May 2011
YTL Power Declares 1.875 sen (3.75%) Interim Tax Exempt Dividend; YTL Cement Declares 3.75 sen (7.5%) Interim Single Tier Dividend.
YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The first 3 quarters of the 2011 financial year have seen the Group’s revenue top the RM13 billion mark, with net profit of RM755 million. The increase continues to be contributed substantially by the Group’s overseas operations, notably, PowerSeraya, a power generation and multi-utility provider which has a 25% market share of Singapore’s licensed power generation capacity, and Wessex Water, a water and sewerage company in the UK. The Group’s cement division and overseas property development projects also contributed to the better performance during the quarter under review”.
YTL Corp Full-Year Revenue Grows 85% to RM16.4 Billion (US$5.2 Billion); Profit for the Period Jumps 17% to RM1.6 Billion (US$519 Million)
Kuala Lumpur, 19 August 2010
YTL Corp Recommends 10 sen First and Final Dividend; YTL Power Recommends 1.875 sen Final Single Tier Dividend; YTL Cement Recommends 1.875 sen Final Single Tier Dividend; YTL e-Solutions Recommends 1 sen First and Final Dividend
YTL Group Managing Director Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, "The Group achieved an excellent set of results for the 2010 financial year, with the significant growth in revenue and profit arising primarily as a result of the maiden consolidation of a full-year’s results of PowerSeraya in Singapore which we acquired in March 2009. Revenue exceeded the RM16 billion mark for the first time in our history.
"During the fourth quarter, the Group completed the first stage of a rationalisation of our retail and hospitality assets via Starhill REIT, which involved the disposal by the Trust of Starhill Gallery and it parcels in Lot 10 Shopping Centre to Starhill Global REIT in Singapore. Starhill REIT is now embarking on a rebranding exercise to transform the Trust into a pure-play hospitality REIT, focusing on a single class of hotel and hospitality-related assets.
"Other developments during the quarter included the completion of our acquisition of Niseko Village, a prime winter and summer destination located at the south-eastern foothills of Mt. Niseko An’nupuri in Hokkaido, Japan. Our vision for Niseko Village is to realise the resort’s untapped potential by creating a unique, sophisticated village atmosphere offering private houses and ski-in ski-out estates, and featuring all the hallmarks of the YTL brand that we have successfully employed at our other luxury resorts."
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