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YTL Corp Records 9-Month Revenue of RM11.7 Billion (US$3.0 Billion) & Profit of RM903 Million (US$228 Million)
Kuala Lumpur, 24 May 2018
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.”

Monkey Island Estate Preview Party Hosted By YTL
Prestige, 15 May 2018
The Kuala Lumpur-headquartered conglomerate is slated to open the exclusive hotel property — located on its own island in the middle of the River Thames — this summer.

The Fennel wins big
NST, 10 May 2018
THE Fennel, one of Sentul’s most valuable landmarks located in YTL Land & Development Bhd’s Sentul East development just north of KLCC, won a few prestigious awards at the recent PropertyGuru Asia Property Awards (Malaysia) 2018 awards here.

YTL's long-term view pays off
EdgeProp, 6 May 2018
With businesses ranging from luxury resorts to bespoke residences, the Malaysia-listed property giant controlled by the Yeoh family has the ability to ride out the storms. Mark Yeoh, executive director of YTL Hotels, tells EdgeProp why.

Kuala Lumpur-Singapore High Speed Rail to benefit local supply chain
Kuala Lumpur, 3 May 2018
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.

 
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