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YTL Corporation Awarded Malaysia's Best Real Estate Developer In Euromoney Real Estate AwardS 2015
kumshi.mak@ytl.com.my - 18 September 2015 9:32:13 AM

YTL Corporation Berhad was rated as Malaysia’s Best Real Estate Developer (Overall) in Euromoney Real Estate Awards 2015. Euromoney magazine’s 11th annual Real Estate Survey canvassed the opinions of real estate advisers, developers, investment managers, corporate end-users and banks worldwide.

“We are honoured to be acknowledged as Malaysia’s best real estate developer by professionals and industry analysts worldwide in recognition of our performance, accomplishments and contributions to the real estate industry. This award is testament to our vision to deliver truly valuable branded real estate for our Malaysian and international markets by leveraging on the diverse expertise and experience of the YTL Group,” said Dato’ Yeoh Seok Kian, Executive Director of YTL Land & Development Berhad, a subsidiary of YTL Corporation which undertakes property development projects. [more...]



YTL Corp Records Full-Year Revenue of RM16.8 Billion (US$4.2 Billion), Profit for the Period Stands at RM1.8 Billion (US$437 Million)
melisa@ytlesolutions.com - 20 August 2015 7:17:13 PM

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The 2015 financial year has been a fairly challenging one for our Group, particularly in the merchant multi-utilities division of our utilities business, which remains the Group’s largest segment. Ongoing excess generation capacity in Singapore’s electricity market coupled with lower vesting volumes continued to add pressure to both margins and sales volumes in the merchant multi-utilities business, although this was partially offset by better performance in the water and sewerage division owing to the strengthening of the British Pound against the Malaysian Ringgit.

“In the contracted power generation division, our current power purchase agreement under YTL Power Generation Sdn Bhd is due to expire in September 2015, but we are in discussions to supply power from our existing Paka power station under the short term capacity bid called by the Malaysian Energy Commission. Discussions on the terms are currently ongoing and upon completion, a new power purchase agreement is expected to be signed for the period from March 2016 to December 2018.

“In the cement division, higher revenue was contributed by the concrete and quarry businesses, in addition to consolidation of revenue of a subsidiary acquired during the year, whilst the decrease in profit was attributed to intense competition in the industry and higher production costs.

“Meanwhile, the Group’s hotel division registered better performance for the year under review, due to the higher unrealised foreign exchange gains from our international hotels, whilst our property development business recorded lower revenue and profit on the absence of sales of completed properties, and also lower net fair value gain on investment properties.” [more...]




YTL Corp Registers 9-Month Revenue of RM12.7 Billion (US$3.5 Billion); Profit for the Period Stands at RM1.3 Billion (US$370 Million)
melisa@ytlesolutions.com - 21 May 2015 4:27:35 PM

YTL Group Managing Director Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, "The Group's lower revenue and profit for the 9 months under review of the 2015 financial year, compared to the same period last year, reflects the more challenging environment in some of our major operating markets.

"In particular, increased competition in Singapore's electricity market continued to impact earnings in our utilities division. Profits from our cement operations in Malaysia were also affected by increased competition in the domestic market despite higher revenue owing to better performance in the concrete and quarry segments, and the acquisition of a new subsidiary in Singapore.

"The Group's hotel division registered better performance for the 9 months under review, contributed mainly by our hotels in Bath in the United Kingdom, and Hokkaido, Japan, as well as in Kuala Lumpur. Our property development business recorded lower revenue and profit due to the completion of launched phases of residential projects." [more...]




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)
melisa@ytlesolutions.com - 12 February 2015 6:01:59 PM

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.” [more...]




YTL Corp Records 1st Quarter Revenue of RM4.5 Billion (US$1.3 Billion) & Profit of RM375 Million (US$113 Million)
melisa@ytlesolutions.com - 20 November 2014 2:37:57 PM

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group saw a cautious start to the 2015 financial year, with revenue of RM4.5 billion compared to RM5.2 billion for the same period last year. Revenue growth was contributed mainly by our construction, cement, hotels and information technology divisions, offset by lower revenues in the utilities and property segments.

“The Group’s profit of RM375 million for the quarter was satisfactory, albeit lower compared to the same period last year, as the domestic cement industry continues to see intense price competition, whilst our utilities division recorded lower units of electricity sold, coupled with lower contributions from retail contracts and the fuel oil trading segment in the Singapore market.

“Although our multi-utilities in Singapore have seen increased competition with new capacity continuing to come on-line across the industry, we are pursuing a range of strategies to address the changing market, including sourcing new steam clients to reinforce our position as an integrated energy company offering bundled utilities of electricity, steam and water, as well as bolstering the division’s jetty facilities and storage tanks to maintain our competitiveness and cater to a larger customer base.

“Overall, our outlook for the 2015 financial year remains positive despite challenging operating conditions, supported by the strength of our key utilities, cement, property and hotel divisions.” [more...]



 
 
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