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YTL Corp records 100% surge in net profit to RM713 million (US$188 million)
 

Kuala Lumpur, 26 August 2004

YTL CORPORATION BERHAD
RECORDS 100% SURGE IN NET PROFIT TO RM713 MILLION (USD188 MILLION)
SALES UP 9% TO RM4.4 BILLION (USD1.2 BILLION)
15% DIVIDEND DECLARED
Click here to view YTL Corporation Berhad’s report

YTL Corporation Berhad today announced record revenue of RM4,395 million (USD1,156 mil) for the financial year ended 30 June 2004, a 9.1% increase over RM4,027 million (USD1,060 mil) in the previous financial year. Profit before taxation increased 38.0% to RM1,159 million (USD305 mil), over RM840 million (USD221 mil) for the previous financial year ended 30 June 2003.

Meanwhile, net profit surged 101% to RM713 million (USD188 mil) from RM355 million (USD93 mil) in 2003. Earning per share more than doubled to 49.69 sen from 24.44 sen last year.

Growth was driven by improved performance in all major sectors in both local and foreign operations. Revenue from operations in Malaysia contributed 53% of total revenue whilst operations in Australia and the United Kingdom contributed 47%.

Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, YTL Managing Director, said: “This was an excellent year for the YTL Group, enabling us to post record revenues and profits. Profit and earnings per share have grown in double digits for the 2004 financial year, resulting from the earnings power of our core businesses and the strength of our business model which focuses on regulated assets operating under long term concessions”.

“YTL’s subsidiaries continued to perform strongly across the board, placing the Group on solid footing for the 2005 financial year. We remain focused on achieving long term profitability and value creation for our shareholders”.

The Group has also embarked on several sound opportunities for expansion with the cement division completing the acquisition of Pahang Cement Sdn Bhd and announcing a proposal to acquire a 32.1% stake in Perak-Hanjoong Simen Sdn Bhd, and the power division announcing the proposed acquisition of a 35% stake in PT Jawa Power in Indonesia.

The Board of Directors of YTL Corp has recommended a first and final dividend of 15%. This is the 20th consecutive year that YTL Corp has declared dividends and exemplifies the Group’s policy of rewarding shareholders and enhancing shareholder value.

 

YTL POWER INTERNATIONAL BERHAD
RECORDS 37% GROWTH IN NET PROFIT TO RM613 MILLION (USD161 MILLION)
SALES UP 7% TO RM3.4 BILLION (USD891 MILLION)
20% DIVIDEND DECLARED
Click here to view YTL Power International Berhad’s report

Revenue grew 7.0% to RM3,387 million (USD891 mil) for the year ended 30 June 2004 from RM3,167 million (USD833 mil) during the previous financial year. Meanwhile, profit before tax climbed 34.1% to RM843 million (USD222 mil) over RM629 million (USD166 mil) last year and net profit grew 37.5% to RM613 million (USD161 mil) compared to RM446 million (USD117 mil) for the year ended 30 June 2003.

The growth in both revenue and profit is attributed substantially to the increase in contributions from YTL Power’s wholly owned water and sewerage subsidiary in the UK, Wessex Water Limited.

YTL Power recently completed a subdivision of its shares into two ordinary shares of RM0.50 each for every one existing ordinary share of RM1.00 each, which took effect on 1 July 2004, and announced its proposed acquisition of a 35% stake in PT Jawa Power in May this year. PT Jawa Power operates a 1,220MW coal-fired power station in Indonesia and this proposal is currently pending completion.

In line with the Group’s policy of rewarding shareholders and enhancing shareholder value, the Board of Directors of YTL Power has recommended a first and final dividend of 20%. This is the 7th consecutive year that YTL Power has declared dividends to shareholders.

 

YTL CEMENT BERHAD
RECORDS 26% GROWTH IN NET PROFIT TO RM85 MILLION (USD22 MILLION)
SALES JUMP 20% TO RM100 MILLION (USD26 MILLION)
20% DIVIDEND DECLARED
Click here to view YTL Cement Berhad’s report

Revenue grew 20.5% to RM513.6 million for the year ended 30 June 2004 from RM426.3 million during the same period last year. Meanwhile, profit before tax climbed 24.2% to RM100.2 million from RM80.7 million last year and net profit increased by 26.4% to RM84.6 million compared to RM66.9 million for the year ended 30 June 2003.

The improved financial performance is due mainly to the consolidation of the results of Pahang Cement Sdn Bhd, a wholly owned subsidiary of YTL Cement. YTL Cement completed its acquisition of the remaining 50% interest in Pahang Cement Sdn Bhd which it did not already own during the financial year.

YTL Cement recently completed a subdivision of its shares into two ordinary shares of RM0.50 each for every one existing ordinary share of RM1.00 each, which took effect on 1 July 2004, and announced its proposed acquisition of a 32.1% stake in Perak-Hanjoong Simen Sdn Bhd in July this year.

In line with the Group’s policy of rewarding shareholders and enhancing shareholder value, the Board of Directors of YTL Cement has recommended a first and final dividend of 20%. This is the 10th year that YTL Cement has declared dividends to shareholders.

 

YTL LAND & DEVELOPMENT BERHAD
RECORDS 48% GROWTH IN NET PROFIT TO RM31 MILLION (USD8 MILLION)
SALES SOAR 180% TO RM122 MILLION (USD32 MILLION)
Click here to view YTL Land & Development Berhad’s report

Revenue grew 180.3% to RM121.9 million for the year ended 30 June 2004 from RM43.5 million during the same period last year. Meanwhile, profit before tax climbed 81.3% to RM37.3 million from RM20.6 million last year and net profit grew 47.9% to RM31.0 million compared to RM21.0 million for the year ended 30 June 2003.

The increases in revenue and profit are due to the consolidation of full year results of the subsidiaries acquired last year and the improved contribution of Sentul Raya Sdn Bhd.

Demand for YTL-branded homes remains strong and saw all units launched in the first phase of YTL’s newest development, The Lake Edge in Puchong, being sold during the project’s maiden launch in February and March this year.

YTL Land & Development also recently completed a subdivision of its shares and irredeemable convertible preference shares (ICPS) into two ordinary shares/ICPS of RM0.50 each for every one existing ordinary share/ICPS of RM1.00 each, which took effect on 1 July 2004.

 

YTL E-SOLUTIONS BERHAD
REGISTERS 13% DROP IN NET PROFIT TO RM7 MILLION (USD2 MILLION)
SALES UP 23% TO RM32 MILLION (USD8 MILLION)
2% MAIDEN DIVIDEND DECLARED
Click here to view YTL e-Solutions Berhad’s report

Revenue grew 22.8% to RM31.8 million for the year ended 30 June 2004 from RM25.9 million during the same period last year. Meanwhile, profit before tax decreased to RM12.6 million from RM13.7 million last year.

The increase in revenue was mainly due to higher demand for YTL e-Solutions’ content development and management services, and the post-paid and pre-paid Alternative Voice Service Provider (AVSP) services provided by its subsidiary, Extiva Communications Sdn Bhd. The higher turnover was also partly due to the much-improved contribution from wholly owned YTL Info Screen Sdn Bhd which is involved in creating, providing and advertising content, media, web media and up to date information via electronic media.

However, higher revenue was offset by higher operating expense due mainly to increased telecommunication costs experienced in the AVSP market. Initial start-up costs and investments associated with the development of an advanced digital data platform, connected and integrated to the major telecommunications network operators in Malaysia by Hipmobile (M) Sdn Bhd were a further factor. This infrastructure will allow Hipmobile to fulfil its business strategy over the medium term.

YTL e-Solutions also recently completed a subdivision of its shares into 10 ordinary shares of RM0.10 each for every one existing ordinary share of RM1.00 each, which took effect on 1 July 2004.

In line with the Group’s policy of rewarding shareholders and enhancing shareholder value, the Board of Directors of YTL e-Solutions has recommended a maiden first and final dividend of 2%.

 

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