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YTL Corp's Foreign Operations Boost Net Profit 32% to RM1.1 Billion (US$330 Million) for 3rd Quarter
melisa@ytlesolutions.com - 22 May 2008 4:36:58 PM

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping said, "The Group’s utilities and cement businesses continue to drive growth, enabling us to achieve another strong set of results for the quarter. With existing global market conditions necessitating even more concerted and innovative efforts on our part to further improve operational efficiencies and control rising costs, the Group continues to derive better performance and results from these improved technical efficiencies, both in our Malaysian-based and international utilities and cement businesses". [more...]



YTL Corp Half-Year Profit Jumps 24% to RM688 Million (US$212 Million)
melisa@ytlesolutions.com - 22 February 2008 4:52:00 PM

"I am pleased with the Group’s results for the first six months of the 2008 financial year. The utilities division posted solid profit growth of 8.5%, and the cement division has made significant strides in implementing our regional expansion strategy, completing the acquisition of Zhejiang Lin’an Jin Yuan Cement Co. Ltd. in China, the largest cement manufacturer in Lin’an and one of the top 5 cement suppliers in the Hangzhou market, during the quarter under review. The Group’s focus on international investment opportunities correlated with our core competencies continues to enable us to diversify our revenue base, whilst concurrently mitigating geographical and single-industry risks. We expect ongoing improvements in technical efficiency levels will also be integral in controlling the impact of rising costs as the year progresses." said YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh [more...]



Who to watch out for this 2008
rhoyba@ytlcommunity.com - 24 January 2008 3:49:20 PM

YTL Corp recently inked a deal to develop a luxury resort with residential properties in Thailand with joint venture partner Lehman Brothers, a New York-based investment bank. Besides this, it has also made the headlines for the acquisition of Westwood Apartments, a luxury condominium located along Singapore’s Orchard Road, for close to RM1 billion. Tan Sri Francis Yeoh has said the company is looking for opportunities to develop more luxury resorts with marinas in Southeast Asia. The company, which operates the ERL service between Kuala Lumpur and Kuala Lumpur International Airport, has plans for a bullet train between Kuala Lumpur and Singapore that will considerably shorten travelling time. [more...]



YTL's foray into Singapore proves successful
rhoyba@ytlcommunity.com - 2 December 2007 6:17:42 PM

“This appears reasonable given the property’s prime business location in the city. Assuming land costs were to account for 50% of sales value, we estimate that YTL would need to achieve a top-tier selling price of S$5,000 psf for the redeveloped condominiums. This is realistic based on the recent transactions achieved by The Marq on Paterson Hill and the upcoming Ritz Carlton Residences on the former Horizon View site in Cairnhill Road.” [more...]



YTL buying Singapore apartments en bloc
rhoyba@ytlcommunity.com - 28 November 2007 11:31:35 AM

Group managing director Tan Sri Francis Yeoh Sock Ping said the property acquisition was YTL Corp's third in the city-state in two years. The company is currently involved in the high-end Lakefront and Sandy Island residential development projects in Sentosa Cove, which will comprise exclusive, bespoke homes. [more...]


 
 
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