YTL Corp Records Full-Year Revenue of RM16.8 Billion (US$4.2 Billion), Profit for the Period Stands at RM1.8 Billion (US$437 Million)
Kuala Lumpur, Thursday 20 August 2015
YTL Corporation Berhad announced today revenue of RM16,821.6 million (US$4,174.1 mn) for the 12 months ended 30 June 2015, decreasing from RM19,269.2 million (US$4,781.4 mn) for the preceding 12 months ended 30 June 2014. Profit for the period stood at RM1,759.6 million (US$436.6 mn) for year under review, compared to RM2,604.9 million (US$646.4 mn) last year, whilst net profit attributable to shareholders decreased to RM1,069.7 million (US$265.4 mn) this year over RM1,555.0 million (US$385.9 mn) last year.
The Board of Directors of YTL Corp declared an interim dividend of 9.5 sen or 95% per ordinary share of 10 sen for the financial year ended 30 June 2015. The book closure and payment dates for the dividend are 7 October 2015 and 23 October 2015, respectively.
YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The 2015 financial year has been a fairly challenging one for our Group, particularly in the merchant multi-utilities division of our utilities business, which remains the Group’s largest segment. Ongoing excess generation capacity in Singapore’s electricity market coupled with lower vesting volumes continued to add pressure to both margins and sales volumes in the merchant multi-utilities business, although this was partially offset by better performance in the water and sewerage division owing to the strengthening of the British Pound against the Malaysian Ringgit.
“In the contracted power generation division, our current power purchase agreement under YTL Power Generation Sdn Bhd is due to expire in September 2015, but we are in discussions to supply power from our existing Paka power station under the short term capacity bid called by the Malaysian Energy Commission. Discussions on the terms are currently ongoing and upon completion, a new power purchase agreement is expected to be signed for the period from March 2016 to December 2018.
“In the cement division, higher revenue was contributed by the concrete and quarry businesses, in addition to consolidation of revenue of a subsidiary acquired during the year, whilst the decrease in profit was attributed to intense competition in the industry and higher production costs.
“Meanwhile, the Group’s hotel division registered better performance for the year under review, due to the higher unrealised foreign exchange gains from our international hotels, whilst our property development business recorded lower revenue and profit on the absence of sales of completed properties, and also lower net fair value gain on investment properties.”
YTL POWER INTERNATIONAL BERHAD
YTL Power Registers Full-Year Revenue of RM11.9 Billion (US$3.0 Billion)
Profit Stands at RM905 Million (US$225 Million)
Interim Dividend of 10 Sen (20%) per Share Declared
YTL Power registered revenue of RM11,925.9 million (US$2,959.3 mn) for the 12 months ended 30 June 2015 compared to RM14,436.6 million (US$3,582.3 mn) last year. Profit before taxation for the current financial year was RM1,230.6 million (US$305.4 mn), increasing 9.2% compared to RM1,126.6 million (US$279.6 mn) recorded last year, whilst profit for the period stood at RM905.3 million (US$224.6 mn) this year over RM1,208.7 million (US$299.9 mn) last year.
The decrease in revenue was principally attributable to lower units of electricity sold and lower electricity prices as a result of lower fuel oil prices in the multi-utilities segment, as well as lower generation of electricity sales and a higher depreciation charge in the contracted power generation segment. The decrease in profit was due to lower vesting non-fuel margins and volumes, coupled with lower margins from retail contracts, offsetting better performance in the water and sewerage segment which resulted from lower operating costs and the weakening of the Malaysian Ringgit against the British Pound. The mobile broadband division also saw improvement in loss before taxation due mainly to lower operating costs.
In the contracted power generation division, the current power purchase agreement of YTL Power Generation Sdn Bhd (YTLPG) will expire on 30 September 2015. However, YTLPG has been selected as a successful bidder for supply of power from its existing facility in Paka under the short term capacity bid called by the Malaysian Energy Commission. Discussions on the terms and conditions are currently ongoing and, upon completion, a new Power Purchase Agreement is expected to be signed for the period from 1 March 2016 to 31 December 2018.
The Board of Directors of YTL Power declared an interim dividend of 10 sen or 20% per ordinary share of 50 sen for the financial year ended 30 June 2015, the book closure and payment dates for which are 7 October 2015 and 23 October 2015, respectively.
YTL LAND & DEVELOPMENT BERHAD
YTL Land Registers Full-Year Revenue of RM98 Million & Profit of RM24 Million
YTL Land’s registered revenue at RM98.4 million for the 12 months ended 30 June 2015, compared to RM285.4 million last year, whilst profit for the period stood at RM24.0 million this year compared to RM33.6 million last year.
The Group recorded higher unrealised foreign exchange gains on amounts due from its Singapore subsidiaries. However, these were offset by the absence of profits recognised from Capers project due to its completion and lower profit contribution from Fennel project in the Group’s Sentul development
YTL E-SOLUTIONS BERHAD
YTL e-Solutions Achieves Full-Year Revenue of RM88 Million & Profit of RM57 Million
Interim Dividend of 4 Sen (40%) per Share Declared
YTL e-Solutions’ revenue increased marginally to RM87.5 million for the 12 months ended 30 June 2015 compared to RM86.8 million last year, whilst profit for the period increased 3.1% to RM57.4 million this year over RM55.7 million last year. The better performance was due mainly to higher profit before tax from the content and digital media segment and higher interest income earned on cash deposits in the current financial year.
The Board of Directors of YTL e-Solutions declared an interim dividend of 40% or 4 sen per ordinary share of 10 sen each for the financial year ended 30 June 2015, the book closure and payment dates for which are 7 October 2015 and 23 October 2015, respectively.
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