YTL Corp Registers Half-Year Revenue of RM8.7 Billion (US$2.4 Billion); Profit for the Period Stands at RM932 Million (US$261 Million)
YTL Corporation Berhad, 12 February 2015
YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group’s revenue of RM8.7 billion and profit of RM932 million for the first half the 2015 financial year remained satisfactory, particularly in view of the more challenging operating conditions in some of our key markets. Revenue growth for the 6 months under review was contributed mainly by our cement, hotel, management services and information technology divisions, offset by lower revenues in the utilities, construction and property segments.
“In our utilities division, our water and sewerage segment in the United Kingdom delivered another strong set of results, with good growth in revenue and profit. Our multi-utilities business in Singapore, however, continues to see the effects of the recent liberalisation initiatives being undertaken in the country’s energy markets to encourage greater competition, and we are pursuing a range of strategies to adapt to these changing conditions. Meanwhile, revenue in our cement division was bolstered by better performance in the concrete and quarry segments, coupled with the acquisition of a new subsidiary in Singapore, although intense competition in the domestic cement industry impacted the division’s profit for the period.
“Whilst we have begun to see increasing levels of competition in some segments of our key utilities and cement operations, the more challenging environment is well within a manageable range, and the Group’s core operations remain sound.”
YTL Corp's Half-Year Revenue Grows 11% to RM9.87 Billion (US$3.25 Billion)
Net Profit Up 10% to RM489 Million (US$161 Million)
YTL Power Declares 1.875% Interim Dividend
Kuala Lumpur, 23 February 2012
YTL Group Managing Director Tan Sri Dr Francis Yeoh sock Ping, CBE, FICE, said, "At the half-way mark of the 2012 financial year, the Group continued to perform well. Revenue topped RM9.8 billion, increasing 11% or RM964 million over the same period last year, due mainly to the ongoing resilience of our multi-utility businesses in Malaysia, the UK and Singapore. Overall, our cement and multi-utility operations, which are the Group’s major contributors, continued to register sound performance.
"As reported earlier this week, we are in the process of delisting YTL Cement as acceptances of the voluntary share exchange offer into YTL Corp’s shares have resulted in YTL Corp, YTL Industries and persons acting in concert holding more than 90% of YTL Cement’s shares."