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YTL Corporation makes RM233.0 million (USD61 million) for first quarter
 
25% PROFIT JUMP FOR YTL CORPORATION BERHAD
YTL Corporation Berhad Records RM233.0 Million (USD61 Million) Profit

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YTL Corporation Berhad recorded revenue of RM978.1 million for the financial quarter ended 30 September 2002, representing an increase of 57% as compared to the Group’s revenue of RM622.1 million (USD164 million) for the financial quarter ended 30 September 2001. Profit before taxation increased by 25% to RM233.0 million (USD61 million) in the current financial quarter from RM186.8 million (USD49 million) in the quarter ended 30 September 2001.

The increases in both amounts are primarily attributable to the inclusion of sales of water and sewerage services from the recent acquisition of Wessex Water Limited.
 
30% PROFIT JUMP FOR YTL POWER INTERNATIONAL BERHAD
Acquisition of the Wessex Water Group Boosts Turnover by 118%

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YTL Power International Berhad registered an increase in turnover to RM772.6 million (USD203 million) for the current quarter ended 30 September 2002 from RM353.6 million (USD93 million) in the financial quarter ended 30 September 2001. This represents an increase in turnover of RM419 million (USD110 million) or 118%. Profit before taxation increased by 30% to RM203.3 million (USD53.5 million) in the current quarter ended 30 September 2002 as compared to the preceding year corresponding quarter.

The increases in turnover and profit before tax are attributed substantially to the acquisition of the Wessex Water Group.
 
YTL CEMENT BERHAD MAKES RM95.5 MILLION
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During the quarter under review, YTL Cement Berhad continued to perform well, achieving revenue of RM95.5 million (USD25 million) and profit before taxation of RM17.9 million (USD4.7 million). These figures represent reductions of 12.0% in revenue and 14.6% in profit before taxation, as compared to the preceding year corresponding period, due to a decline in cement consumption in the construction industry during this period.
 
YTL LAND & DEVELOPMENT BERHAD RECOVERY CONTINUES
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YTL Land & Development Berhad (formerly known as Taiping Consolidated Berhad) (“YTL L&D”) recorded revenue for the current financial quarter of RM0.23 million (USD0.06 million). For the financial quarter ended 30 September 2002, YTL L&D recorded profit before tax of RM2.0 million (USD0.5 million).
 
YTL E-SOLUTIONS BERHAD RECORDS 211% INCREASE IN PROFIT
Click here to view YTL e-Solutions Berhad's report

YTL e-Solutions Berhad recorded revenue of RM5.6 million for the current financial quarter, representing an increase of 107% or RM2.9 million (USD0.76 million) over the financial quarter ended 30 September 2001. Profit before taxation for the current quarter increased by 211% to RM3.5 million (USD 0.9 million).

The increases in revenue and profit before tax are attributable to the higher demand for communications technology, such as Voice Over Internet Protocol (VoIP) telephony services provided by its subsidiary, Extiva Communications Sdn Bhd, as well as other IT consultancy services.

MEDIA REPORTS:
The Star: YTL Corp posts big jump in first quarter revenue, profit
The Star: Versus the CI: YTL Corp
Business Times (Malaysia): YTL Corp posts 27pc rise in net profit to RM103.6m

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