YTL Corp's 3rd Quarter Revenue Grows 12% to RM13.1 Billion (US$4.3 Billion); Net Profit Increases to RM755 Million (US$249 Million)
Kuala Lumpur, 26 May 2011
YTL Corporation Berhad announced today an 11.5% growth in revenue to RM13,146.4 million (US$4,338.8 mn, based on the prevailing exchange rate of US$1.00:RM3.03) for the 9 months ended 31 March 2011, compared to RM11,786.5 million (US$3,889.9 mn) for the preceding corresponding 9 months ended 31 March 2010. Profit before taxation grew 0.9% to RM1,731.3 million (US$571.4 mn) for the first 9 months of the financial year ending 30 June 2011, compared to RM1,715.9 million (US$566.3 mn) for the same period last year, whilst net profit attributable to shareholders increased marginally to RM755.1 million (US$249.2 mn) over RM754.3 million (US$249.0 mn) last year.
YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The first 3 quarters of the 2011 financial year have seen the Group’s revenue top the RM13 billion mark, with net profit of RM755 million. The increase continues to be contributed substantially by the Group’s overseas operations, notably, PowerSeraya, a power generation and multi-utility provider which has a 25% market share of Singapore’s licensed power generation capacity, and Wessex Water, a water and sewerage company in the UK. The Group’s cement division and overseas property development projects also contributed to the better performance during the quarter under review”.
YTL POWER INTERNATIONAL BERHAD
3rd Quarter Revenue Grows 7% to RM10.4 Billion (US$3.4 Billion)
11% Increase in Net Profit to RM868 Million (US$286 Million)
3.75% Interim Tax Exempt Dividend Declared
YTL Power’s revenue grew 7.3% for the 9 months ended 31 March 2011 to RM10,397.5 million (US$3,431.5 mn) compared to the same period last year, whilst profit before taxation increased by 6.8% to RM1,138.8 million (US$375.8 mn) for the 9 months ended 31 March 2011. Net profit attributable to shareholders grew 10.8% to RM868.0 million (US$286.5 mn) this year over RM783.1 million (US$258.4 mn) last year. The growth in revenue and profit was due mainly to better performance by the Group’s foreign operations.
The Group’s utilities comprise power generation (in both contracted and merchant markets) and power transmission in Malaysia, Singapore, Indonesia and Australia, water and sewerage services in the United Kingdom, merchant multi-utility businesses in Singapore and communications in Malaysia.
YTL Power declared a 3.75% third interim tax exempt dividend for the financial year ending 30 June 2011. The book closure and payment dates for the dividend are 30 June 2011 and 15 July 2011, respectively.
YTL CEMENT BERHAD
3rd Quarter Revenue Grows 15% to RM1.6 Billion (US$517 Million)
25% Increase in Net Profit to RM252 Million (US$83 Million)
7.5% Interim Single Tier Dividend Declared
YTL Cement’s revenue for the 9 months ended 31 March 2011 grew 15.1% to RM1,566.0 million (US$516.8 mn), compared to RM1,360.2 million (US$448.9 mn) for the previous corresponding 9 months ended 31 March 2010. Net profit attributable to shareholders grew 24.8% to RM251.8 million (US$83.1 mn) this year, compared to RM201.9 million (US$66.6 mn) last year. The improvements in financial performance were due mainly to higher demand for cement in the construction industry, improved operational efficiencies and consolidation of the results of the Batu Tiga Quarry group of companies which YTL Cement acquired during the 2010 financial year.
YTL Cement declared a 7.5% third interim single tier dividend for the financial year ending 30 June 2011. The book closure and payment dates for the dividend are 30 June 2011 and 15 July 2011, respectively.
YTL LAND & DEVELOPMENT BERHAD
YTL Land Registers Revenue of RM64 Million & Net Profit of RM8.5 Million
YTL Land reported a fall in revenue to RM64.4 million for the 9 months ended 31 March 2011, compared to RM209.0 million for the same period last year, whilst net profit attributable to shareholders was RM8.5 million compared to RM14.8 million last year. The decline was due to lower revenue and profit recognition from the property development and construction segments due to the completion of certain projects during the period under review and the timing difference of new project launches.
STARHILL REAL ESTATE INVESTMENT TRUST
Starhill REIT Records Net Revenue of RM23 Million & Realised Income of RM44 Million
Starhill REIT recorded net revenue of RM22.8 million and realised income of RM43.9 million for the 9 months ended 31 March 2011, compared to RM83.2 million and 60.3 million, respectively, for the same period last year. The decline was due to the ongoing rationalisation exercise currently being undertaken by the Trust, the first stage of which involved the disposal of the Trust’s retail properties, completed in June 2010. Starhill REIT is now focusing on the acquisition of new hotel properties and the repositioning of its portfolio as a hospitality REIT.
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