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YTL Corp Records Half-Year Revenue of RM10.1 Billion (US$3.0 Billion), Profit Grows 42% to RM1.35 Billion (US$408 Million)
YTL Power Declares 1-for-20 Share Dividend
YTL Hospitality REIT Declares Interim Distribution of 1.9786 Sen per Unit

melisa@ytlesolutions.com - 20 February 2014 5:40:07 PM

YTL Group Managing Director Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, "The Group registered a strong performance for the first half of the 2014 financial year. Revenue remained satisfactory, topping the RM10 billion mark, whilst profit for the period soared just over 42% to RM1.35 billion, anchored by our utilities and cement operations.

"Although our utilities division saw a decrease in revenue owing to lower fuel oil trading volumes, as well as lower units and prices of electricity sold, this was offset by better pricing as allowed by the industry's economic regulator in our UK water and sewerage division, and lower losses recorded by our mobile broadband network division as the network continues to expand in terms of both coverage and subscriber base.

"In our REIT activities, YTL Hospitality REIT recorded higher revenue from its Sydney Harbour, Brisbane and Melbourne Marriott hotels, whilst a fair value gain in Starhill Global REIT's investment properties also contributed to the Group's performance. YTL Hospitality REIT owns a range of luxury resorts, business hotels and luxury hotels in Malaysia, Japan and Australia, whilst Starhill Global REIT owns prime retail and office properties in Singapore's Orchard Road, Kuala Lumpur's Golden Triangle and Tokyo's upscale retail districts, as well as a retail mall in China, and the David Jones Building and Plaza Arcade in Perth, Australia." [more...]




YTL Corp Records Half-Year Revenue of RM10.2 Billion (US$3.3 Billion); Net Profit Grows 34% to RM654 Million (US$212 Million)
15% Interim Dividend Declared

melisa@ytlesolutions.com - 21 February 2013 4:00:37 PM

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group has achieved another strong quarter, with revenue topping RM10 billion for the half-year. Anchored by our water and sewerage operations in the UK and power generation and merchant multi-utilities activities in Singapore, the Group’s utilities division continued to drive growth. The division has also made strides in growing the subscriber base in the mobile broadband division which owns and operates the YES 4G network.

“Profit in the cement division increased due to better selling prices for cement and improved concrete sales. Meanwhile, the completion of several projects in Singapore saw lower revenue recognition in our property development division but this was offset by higher profits contributed by our investment in Starhill Global REIT, which owns prime retail and office properties in Singapore’s Orchard Road, Kuala Lumpur’s Golden Triangle and Tokyo’s upscale retail districts, as well as a retail mall in Chengdu, China, and the David Jones Building and recently-acquired Plaza Arcade in Perth.

“Bolstered by new assets, including Gaya Island Resort in Borneo and The Majestic Hotel Kuala Lumpur, a legendary property that has been newly restored and commenced operations during the quarter, the hotel division also performed well. Meanwhile, Starhill REIT, our hospitality REIT vehicle, completed its acquisition of the Sydney Harbour, Brisbane and Melbourne Marriott hotels in November 2012, further enhancing the REIT’s international portfolio.

“YTL Corp’s second interim dividend, together with the 10% dividend last quarter, brings the total cash dividend to 25% or 2.5 sen per share for the current year to date. This is one of the highest cash dividends declared for some time and is intended to reward YTL Corp’s long-term shareholders by enhancing their return on investment.” [more...]




YTL Corp’s 1st Quarter Revenue Grows 12% to RM5.1 Billion (US$1.7 Billion)
Net Profit Up 56% to RM392 Million (US$128 Million)
10% Interim Dividend Declared

farah@ytlcommunity.com - 22 November 2012 9:24:51 PM

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group has made a good start to the 2013 financial year, with revenue increasing 12% compared to the same period last year. Net profit for the 1st quarter registered a marked improvement of 56% to RM392 million due mainly to better performance of our cement operations, as well as unrealised foreign exchange gains and derivative gains recorded in an offshore subsidiary.

“On the operations front, our cement and utilities divisions continued drive the Group’s growth, whilst the reorganisations of our property development and REIT businesses, completed over the past year, have successfully streamlined and improved the operational efficiency of those divisions.” [more...]




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

melisa@ytlesolutions.com - 23 February 2012 4:30:58 PM

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." [more...]



YTL Corp Announces Voluntary Share Exchange offer to YTL Cement Shareholders
melisa@ytlesolutions.com - 19 December 2011 4:15:15 PM

Commenting on the Offer, YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “This transaction represents a homecoming opportunity for the shareholders of YTL Cement as it provides them with the opportunity to better maximise the value of their investments by exchanging their shares into the diversified business of YTL Corp, the bulk of earnings of which are anchored by its regulated water and utilities concessions, as well as its cement, construction, property and hospitality businesses.

“YTL Corp, as a major shareholder of YTL Cement, recognises that the liquidity of YTL Cement’s shares has continued to remain at relatively low levels, which presents a challenge to YTL Cement’s shareholders looking to adjust their investment strategies or portfolios. We fully believe that the exchange into YTL Corp’s shares is the best option and will be mutually beneficial to both companies. For YTL Corp’s shareholders, the Offer represents an opportunity to increase YTL Corp’s stake in a highly efficient and profitable business and consolidate a greater proportion of its earnings and performance for the benefit of the wider Group.”

“YTL Cement has been listed on Bursa Securities since 1993, transferring to what is now the Main Market in 1997. During that time, the YTL Cement Group has grown exponentially, expanding its operations across the Peninsula and into overseas markets in China and Singapore. To date, YTL Cement has achieved significant operational efficiencies across its logistics and distribution networks and expanded the scope of its product offerings, and has done so without any significant need to tap the equity markets for capital. Therefore, we believe that the Offer will serve the interests of the shareholders of both YTL Corp and YTL Cement equally.” [more...]


 
 
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