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YTL Corp Registers Full-Year Revenue of RM15.9 Billion (US$3.9 Billion) & Profit of RM1.0 Billion (US$244 Million)
YTL Corp Declares Interim Dividend of 4.0 Sen per Share
YTL Power Declares Interim Dividend of 5.0 Sen per Share

melisa@ytlesolutions.com - 29 August 2018 6:59:04 PM

YTL Group Executive Chairman Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group’s performance remained satisfactory during the financial year ended 30 June 2018 in the face of ongoing pressures in some of Group’s main operating industries. Our key utilities segment registered increases in revenue and profit before taxation contributed primarily by the water and sewerage division in the United Kingdom and the contracted power generation sub-segment in Malaysia.

“Higher revenue owing to improved sales volumes in all divisions of our cement business was offset by higher selling, distribution and financing costs and competitive pricing in the domestic market which resulted in lower profit before tax. The construction segment also achieved higher revenue due to the significant increase in construction work, although profit before tax was impacted by the absence of a one-off gain from an arbitration award recorded in the previous financial year.

“In the hotels segment, there was an increase in revenue contributed mainly by better performance of The Hotel Stripes, Kuala Lumpur, Niseko Village in Japan, the Sydney Harbour Marriott in Australia and 3 new hotels in the United Kingdom. However, the hotels segment saw a decrease in profit before tax due to higher unrealised foreign exchange losses on inter-company balances and pre-opening and training expenses incurred in relation to a newly opened hotel, The Ritz-Carlton, Koh Samui.

“Meanwhile, the property segment saw a decrease in revenue upon its stable of projects under development reaching completion, with the loss before tax due mainly to lower net realisable value of inventories held under the 3 Orchard By-The-Park project and a change in the fair value of investment properties recorded by Starhill Global REIT in Singapore.

“The Group’s management services segment recorded an increase in revenue due to higher interest income but incurred a loss before tax arising mainly from the absence of the one-off accounting adjustments relating a loan restructuring exercise undertaken by an associated company recorded last year, as well as higher finance costs and fair value changes in investments and derivatives incurred by YTL Power.” [more...]




Designation of Executive Chairman and Managing Director for YTL Corp, YTL Power, YTL Land & YTL Cement
melisa@ytlesolutions.com - 29 June 2018 5:45:35 PM

The YTL Group today announced a re-designation of roles on the Board of Directors of three of its companies listed on the Main Market of Bursa Malaysia Securities Berhad and its unlisted subsidiary, YTL Cement Berhad. [more...]



YTL Corp Records 9-Month Revenue of RM11.7 Billion (US$3.0 Billion) & Profit of RM903 Million (US$228 Million)
evon@ytlesolutions.com - 24 May 2018 6:06:24 PM

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group registered an 8% increase in revenue to RM11.7 billion for the 9 months ended 31 March 2018, contributed mainly by the utilities, cement, hotels and construction businesses. Our utilities segment performed well for the period under review, with increases in revenue and profit before tax contributed by the contracted power generation and water and sewerage sub-segments. “The increase in revenue in the Group’s cement business was driven by higher sales volumes in all sub-segments, although profit before tax was impacted by higher production and finance costs, as well as competitive pricing in the domestic market. The construction segment registered an increase in revenue due to better site progress, but recorded lower profit before tax owing to lower construction margins and higher operating costs. “Meanwhile, the improved performance of the hotels segment was contributed mainly by The Hotel Stripes in Kuala Lumpur, the Sydney Harbour Marriott in Australia and 3 newly acquired hotels in the United Kingdom, offset by unrealised foreign exchange losses on intercompany balances and pre-opening and training expenses incurred by The Ritz-Carlton, Koh Samui, a new hotel in Thailand. In the Group’s management services segment, the increase in revenue was due mainly to higher interest income, whilst the loss before taxation incurred was primarily the result of the absence of one-off adjustments relating to the accounting treatment of a loan restructuring recorded by an associated company and higher finance costs.” [more...]



Kuala Lumpur-Singapore High Speed Rail to benefit local supply chain
melisa@ytlesolutions.com - 3 May 2018 7:10:38 PM

The Kuala Lumpur – Singapore High Speed Rail ('KL-SG HSR') is expected to generate more than 70,000 jobs to deliver the civil works packages, thus creating opportunities for professionals, skilled workers, and students from all over the country to work along the corridor of the 335KM alignment within Malaysia. [more...]



YTL Corp Registers Half-Year Revenue of RM7.8 Billion (US$2.0 Billion) & Profit of RM604 Million (US$154 Million)
melisa@ytlesolutions.com - 23 February 2018 4:46:09 PM

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group’s revenue increased by 10% to RM7.8 billion for the first half of the 2018 financial year, whilst profit before taxation grew 12% to RM836 million compared to the same period last year. Our utilities segment saw increases in revenue and profit before taxation resulting from the commencement of supply on 1 September 2017 from Paka Power Station under the new power purchase agreement in the contracted power generation sub-segment, coupled with better performance in the mobile broadband division following the launch of nationwide 4G LTE services last year.

“Our cement business recorded an increase in revenue on the back of higher sales volumes in the cement and quarry divisions, although profit before tax was affected by production cost increases and competitive pricing in the domestic market. The construction segment registered improved revenue due to better site progress, offset by lower construction margins.

“Meanwhile, in the hotels segment, the increase in revenue was contributed mainly by The Hotel Stripes in Kuala Lumpur, Sydney Harbour Marriott Hotel in Australia and 3 new hotels in the United Kingdom, with the decrease in profit before tax arising due to unrealised foreign exchange losses on intercompany balances.” [more...]



 
 
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