YTL Corp's Half-Year Revenue Grows 11% to RM9.87 Billion (US$3.25 Billion)
Net Profit Up 10% to RM489 Million (US$161 Million)
YTL Power Declares 1.875% Interim Dividend
Kuala Lumpur, 23 February 2012
YTL Corporation Berhad today announced a 10.8% growth in revenue to RM9,868.2 million (US$3,246.1 mn, based on the prevailing exchange rate of US$1.00:RM3.04) for the 6 months ended 31 December 2011, compared to RM8,904.7 million (US$2,929.2 mn) for the preceding corresponding period ended 31 December 2010. Profit before taxation increased to RM1,140.2 million (US$375.1 mn) for the 2nd quarter of the financial year ending 30 June 2012, compared to RM1,104.7 million (US$363.4 mn) for the same period last year, whilst net profit attributable to shareholders increased 10.4% to RM489.2 million (US$160.9 mn) this year over RM443.1 million (US$145.8 mn) last year.
YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “At the half-way mark of the 2012 financial year, the Group continued to perform well. Revenue topped RM9.8 billion, increasing 11% or RM964 million over the same period last year, due mainly to the ongoing resilience of our multi-utility businesses in Malaysia, the UK and Singapore. Overall, our cement and multi-utility operations, which are the Group’s major contributors, continued to register sound performance.
“As reported earlier this week, we are in the process of delisting YTL Cement as acceptances of the voluntary share exchange offer into YTL Corp’s shares have resulted in YTL Corp, YTL Industries and persons acting in concert holding more than 90% of YTL Cement’s shares.”
YTL POWER INTERNATIONAL BERHAD
Half-Year Revenue Grows 9% to RM7.73 Billion (US$2.54 Billion)
Net Profit Grows 5% to RM560 Million (US$184 Million)
1.875% Interim Dividend Declared
YTL Power’s revenue grew 9.4% for the 6 months ended 31 December 2011 to RM7,727.2 million (US$2,541.8 mn) compared to the same period last year, due mainly to better performance of its merchant multi-utility businesses. Net profit attributable to shareholders increased 5.2% to RM560.0 million (US$184.2 mn) for the 6 months ended 31 December 2011 compared to RM532.1 million (US$175.0 mn) last year. Although the division’s ‘Yes’ mobile broadband operations registered a loss, this was substantially due to the upfront implementation costs to build the 4G network for scale, to cover the Peninsula from the outset.
The Group’s established multi-utility businesses, comprising power generation (in both contracted and merchant markets) and power transmission in Malaysia, Singapore, Indonesia and Australia, water and sewerage services in the UK and merchant multi-utility businesses in Singapore, continued to perform steadily during the quarter under review.
YTL Power declared a 1.875% or 0.9375 sen per share second interim dividend for the financial year ending 30 June 2012. The book closure and payment dates for the dividend are 15 March 2012 and 30 March 2012, respectively.
YTL CEMENT BERHAD
Half-Year Revenue Grows 12% to RM1.15 Billion (US$378 Million)
Net Profit Increases 9% to RM168 Million (US$55 Million)
YTL Cement’s revenue for the 2nd quarter of the financial year ending 30 June 2012 grew 12.2% to RM1,148.4 million (US$377.8 mn), compared to RM1,023.7 million (US$336.7 mn) for the previous corresponding period ended 31 December 2010. Net profit attributable to shareholders increased 8.8% to RM167.9 million (US$55.2 mn) this year, compared to RM154.4 million (US$50.8 mn) last year, due mainly to higher demand for cement in the construction industry and contributions from offshore subsidiaries.
On 21 February 2012, YTL Corp announced that the receipt of valid acceptances in respect of the share exchange offer for the securities in YTL Cement had resulted in the YTL Corp, YTL Industries and persons acting in concert with them collectively holding more than 90% of the listed shares of YTL Cement. The trading of YTL Cement’s shares and ICULS will be suspended with effect from 9.00 a.m. on 29 February 2012. YTL Corp and YTL Industries will also procure YTL Cement to make an application to Bursa Securities for the withdrawal of its listing status from the Official List of Bursa Securities pursuant to Paragraph 16.07(a) of the Main Market Listing Requirements of Bursa Securities.
YTL LAND & DEVELOPMENT BERHAD
YTL Land Registers Revenue of RM225.9 Million & Net Profit of RM9.3 Million
YTL Land reported a jump in revenue to RM225.9 million for the 6 months ended 31 December 2011, compared to RM41.4 million for the same period last year, whilst net profit attributable to shareholders grew to RM9.3 million over RM5.4 million last year.
The improvements in performance were substantially contributed by The Capers, being developed under the Group’s Sentul urban regeneration project, and the Lakefront and Sandy Island projects being undertaken by the Group’s recently-acquired property development companies in Singapore.
YTL E-SOLUTIONS BERHAD
YTL e-Solutions Records Revenue of RM42 Million & Net Profit of RM19 Million
YTL e-Solutions registered an increase in revenue to RM42.2 million for the 2nd quarter of the financial year ending 30 June 2012 compared to RM29.9 million for the same period last year. Net profit attributable to shareholders also grew to RM18.6 million over RM8.9 million last year, with the improvements arising mainly from fee income derived from a spectrum sharing agreement in relation to the Group’s 2.3GHz Worldwide Interoperability for Microwave Access (WiMAX) spectrum.
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