YTL Corp Records Full-Year Revenue of RM19.2 Billion (US$6.1 Billion)
Profit for the Period Jumps 40% to RM2.6 Billion (US$818 Million)
YTL Corp Declares 9.5 sen Interim Dividend, YTL Power Declares 10.0 sen Interim Dividend, YTL e-Solutions Declares 4.0 sen Interim Dividend
Kuala Lumpur, Thursday 28 August 2014
YTL Corporation Berhad announced today revenue of RM19,207.7 million (US$6,059.2 mn) for the 12 months ended 30 June 2014, compared to RM19,972.9 million (US$6,300.6 mn) for the preceding corresponding 12 months ended 30 June 2013. However, profit for the period jumped 40.4% to RM2,591.8 million (US$817.6 mn) for the 12 months ended 30 June 2014, compared to RM1,845.8 million (US$582.3 mn) for the same period last year, whilst net profit attributable to shareholders increased 20.8% to RM1,539.8 million (US$485.7 mn) this year over RM1,274.5 million (US$402.0 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 2014. The book closure and payment dates for the dividend are 31 October 2014 and 14 November 2014, respectively.
YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group recorded a 40.4% increase in profit for the period and a 20.8% increase in net profit attributable to shareholders on the back of RM19.2 billion in total revenue for the 12 months ended 30 June 2014. Our cement, property development and investment and hotel divisions all registered good growth, whilst in our utilities division, the power generation, water and sewerage and mobile broadband segments all turned in strong performances, offsetting lower sales in our merchant multi-utilities division.
The jump in net profit was contributed mainly by our cement business, which saw better performance in the concrete and quarry segments, as well as the net fair value gain on investment properties recorded by our REITs, YTL Hospitality REIT in Malaysia and Starhill Global REIT in Singapore.
As I have indicated that long term shareholders would be rewarded at the appropriate time, YTL Corp, YTL Power and YTL e-Solutions declared increased dividends to reward them for their confidence and continual support of the Group. YTL Corp declared an interim dividend of 9.5 sen per share which, together with the 2 interim dividends declared earlier this financial year, represents a dividend yield of approximately 7.7% (12.0 sen per share).”
YTL POWER INTERNATIONAL BERHAD
YTL Power Registers Full-Year Revenue of RM14.4 Billion (US$4.54 Billion)
Profit Increases 16.6% to RM1,201 Million (US$379 Million)
Interim Dividend of 10.0 sen (20%) per Share Declared
YTL Power registered revenue of RM14,391.7 million (US$4,540.0 mn) for the 12 months ended 30 June 2014 compared to RM15,836.0 million (US$4,995.6 mn) last year, whilst profit for the period increased 16.6% to RM1,201.2 million (US$378.9 mn) this year over RM1,029.9 million (US$324.9 mn) last year.
The increase in profit was contributed mainly by the Group’s power generation, water and sewerage and mobile broadband divisions, although this was impacted by lower vesting non-fuel margins and volumes in the Group’s merchant multi-utilities business. Meanwhile, the decrease in revenue arose mainly due to lower units of electricity sold coupled with lower electricity prices as a result of lower fuel oil prices in the merchant division.
The Group continued to see good results from its power generation business in Malaysia and water and sewerage business in the United Kingdom, with the Yes mobile broadband platform also registering growth in subscription levels, further narrowing the division’s start-up losses in building the network for scale from the outset.
The Board of Directors of YTL Power declared an interim dividend of 10.0 sen or 20% per ordinary share of 50 sen for the financial year ended 30 June 2014, representing dividend yield of approximately 6.9%. The book closure and payment dates are 31 October 2014 and 14 November 2014, respectively.
YTL LAND & DEVELOPMENT BERHAD
YTL Land Achieves Full-Year Revenue of RM285 Million & Profit of RM33 Million
YTL Land’s revenue increased 54.5% to RM285.4 million for the 12 months ended 30 June 2014, compared to RM184.7 million last year, whilst profit for the period marginally increased by 0.1% to RM33.4 million this year. The improvements were contributed by the Group’s Fennel phase in its Sentul urban regeneration project and sales of completed properties in Sandy Island, the Group’s development in Singapore.
YTL E-SOLUTIONS BERHAD
YTL e-Solutions Registers Full-Year Revenue of RM87 Million & Profit of RM56 Million
Interim Dividend of 4.0 sen (40%) per Share Declared
YTL e-Solutions registered revenue of RM86.8 million for the 12 months ended 30 June 2014 compared to RM87.9 million last year, whilst profit for the period increased 12.3% to RM56.0 million this year over RM49.9 million last year. The increase in profit was due mainly to the lower accrual of contributions to the Universal Service Provision fund established under the Communications and Multimedia Act 1988 by the Malaysian Communications and Multimedia Commission (MCMC).
The Board of Directors of YTL e-Solutions declared an interim dividend of 4.0 sen or 40% per ordinary share of 10 sen for the financial year ended 30 June 2014, representing dividend yield of approximately 6.7%. The book closure and payment dates are 31 October 2014 and 14 November 2014, respectively.
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