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YTL Corp 1st Quarter Revenue Jumps 126% to RM3.9 Billion (US$1.2 Billion)
Profit Before Tax Up 60% to RM503 Million (US$148 Million)
YTL Power Declares 7.5% Single Tier Interim Dividend
YTL Cement Declares 7.5% Single Tier Interim Dividend

melisa@ytlesolutions.com - 19 November 2009 5:07:14 PM

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group has made an excellent start for the 2010 financial year with all divisions across the board registering earnings increases. In our utilities division, PowerSeraya in Singapore, the newest addition to the Group, continued to boost earnings this quarter. At 3,100 megawatts, PowerSeraya owns about 25% of Singapore’s licensed generation capacity, making it a behemoth in its operating sphere. Similarly, Wessex Water in the UK continues to reign as the top-performing water company. We continue develop our intellectual capital through enhanced plant operation and maintenance (O&M) expertise and strong financial foundations to continue to add value to these new members of the Group’s family of companies. [more...]



YTL Corp Full-Year Revenue Jumps 37% to RM8.9 Billion (US$2.6 Billion)
Net Profit Up 12% to RM863 Million (US$247 Million) with Maiden Contribution from PowerSeraya
YTL Corp Recommends 1 for 50 Share Dividend & 15% Final Dividend

melisa@ytlesolutions.com - 20 August 2009 5:13:33 PM

YTL Group Managing Director Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, "Despite tough economic conditions and ongoing volatility, both locally and internationally, the Group achieved a strong set of results for the 2009 financial year, with two significant acquisitions in Singapore bolstering our utilities and property investment divisions.

"The addition of wholly-owned PowerSeraya to our utilities division in March 2009 enabled us to consolidate 4 months’ results for the 2009 financial year, whilst the acquisition of a 26.6% stake in Starhill Global REIT and 50% of the holding company of the REIT’s manager, resulted in an increase in profit due to the recognition of the fair value excess of the REIT's identifiable assets and liabilities over the cost of the investment.

"Meanwhile, our cement division also recorded another excellent year, achieving a 24.5% growth in net profit, as a result of increased contributions from the Group's offshore cement businesses and stronger selling prices." [more...]



YTL Power completes acquisition of PowerSeraya
melisa@ytlesolutions.com - 6 March 2009 6:04:58 PM

Tan Sri (Dr) Francis Yeoh, Managing Director of YTL Corporation Berhad said, "Once again we thank our Lord Jesus for blessing us with stewardship of this important asset in Singapore. We give Him all the glory and honour." [more...]



YTL Corp Half-Year Revenue Grows 9% to RM3.4 Billion (US$930 Million)
Profit Down Slightly to RM854 Million (US$236 Million)
YTL Power Declares 7.5% Tax-Exempt Interim Dividend
YTL Cement Declares 7.5% Single Tier Interim Dividend

melisa@ytlesolutions.com - 19 February 2009 5:12:41 PM

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, "The Group had an active and productive half-year, embarking on two significant new acquisitions. In December 2008, we announced our proposed acquisition of a 100% stake in PowerSeraya Limited, which has 3100MW of licensed capacity, comprising about 25% of Singapore’s total licensed generation capacity. Together with its complementary multi-utility business and strong position in the Singaporean energy market, PowerSeraya will further broaden our utilities expertise and enable us to grow our utilitybusiness in the region. The Group also completed its acquisitions of approximately 26% of Singapore’s Starhill Global REIT and 50% of the holding company of the manager of the REIT during the quarter, and we can now look ahead to building up the Starhill Global brand and seeking yield accretive acquisitions of prime assets for the benefit of the REIT and its stakeholders.

"As reported last quarter, our utilities division has seen a decrease in earnings resulting from foreign currency translation differences this financial year, but profit from operations continues to grow, demonstrating the fundamental combined strength these businesses. Going forward, the further diversification of our income streams into the Singaporean power and REIT industries is well in line with our broader strategy, with the Group’s foreign operations continuing to provide the key drivers of growth. PowerSeraya will fully complement our existing portfolio of utility businesses in the UK, Australia and Indonesia, whilst our stake in Starhill Global REIT takes its place alongside the Group’s high-end real estate investments in Singapore. On the cement front, the division continued to perform extremely well, supported by increased overseas contributions. In addition to operations across Malaysia, the Group also owns stakes in cement businesses in China and Singapore." [more...]



YTL Corp Completes Acquisition of 26% of Macquarie Prime REIT & 50% of Prime REIT Management Holdings Pte Ltd
vijayan@ytlcommunity.com - 31 December 2008 2:48:48 PM

YTL Corp's Managing Director, Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, will assume appointment as Executive Chairman of the Manager. Tan Sri Dato' (Dr) Francis Yeoh Sock Ping said, "YTL Corp is pleased to be the new sponsor of Starhill Global REIT. The YTL Group's long-term vision and proven investment track record, coupled with Starhill Global REIT's high quality assets and strong underlying fundamentals, will allow us to draw on each other's strengths to realise greater synergies and create further value for unitholders. Our immediate focus lies in rebranding the REIT through the introduction of the 'Starhill' brand, in addition to enhancing the portfolio through yield accretive acquisitions of prime regional assets, prudent capital management and continued proactive asset management.

"We firmly believe that our combined network of close relationships with international retail principals and extensive industry domain knowledge will enable Starhill Global REIT to capitalise on acquisition opportunities, particularly in the current global economic climate. The YTL Group has redefined the landscape of Kuala Lumpur's specialised luxury retail niche market with the 'Starhill' brand, and we are committed to building 'Starhill' into a global brand and franchise through Starhill Global REIT." He added, "I want to thank our Lord Jesus for paving the way for the smooth closing of this historic transaction and His Blessings to bring Starhill Global REIT to greater heights. I give Him all the glory and all the honour". [more...]


 
 
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