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YTL Corp records 28% jump in net profit to RM587 million (USD156 Million)
 

Kuala Lumpur, 26 August 2005

YTL CORPORATION BERHAD
YTL Corp Records 28% Jump in Net Profit to RM587 Million (USD156 Million)
Sales Up 12% to RM4.95 Billion (USD1.31 Billion)
15% Dividend Recommended

Click here to view YTL Corporation Berhad's report

YTL Corporation Berhad today announced record revenue of RM4,950.0 million (USD1,313.8 mil) for the fourth quarter ended 30 June 2005, a 12.3% increase over RM4,409.4 million (USD1,170.3 mil) for the previous corresponding twelve months ended 30 June 2004.

The Groupís net profit grew by 27.7% to RM587.1 million (USD155.8 mil) from RM459.7 million (USD121.9 mil) (excluding an exceptional gain on disposal of quoted investments of RM112.0 million? and the recognition of deferred taxation benefits in an associated company of RM133.1 million) for the same period last year.

Growth was driven substantially by increased contributions from the Groupís utilities businesses comprising water and sewerage services in the United Kingdom, power generation in Malaysia and Indonesia and power transmission in Australia.

YTL Group Managing Director, Tan Sri Datoí (Dr) Francis Yeoh Sock Ping, said:? ďOverall, the Group registered strong results this year, with our utilities and property development divisions, in particular, turning in stellar performances and emphasising the earnings strength of these businesses.?Our focus on acquiring regulated assets operating under long term concessions continues to augur well for the Group and is expected to remain our driving growth strategy going forward.Ē?

Meanwhile, the local cement industry has seen some recovery this quarter following the intensive price war and depressed market conditions; the cement divisionís performance improved this quarter on the back of increasing demand for cement from the construction industry and some stabilisation in the price of cement.?

The Groupís acquisitions during the twelve months ended 30 June 2005 included the acquisition by the cement division of a 64.84% stake in Perak-Hanjoong Simen Sdn Bhd, the second largest integrated cement producer in the country,? and the acquisition of a 35% stake in PT Jawa Power, a 1,220 megawatt power station in Indonesia, by the power division.

The Board of Directors of YTL Corp has recommended a first and final dividend of 15% for the year ended 30 June 2005.? This is the 21st consecutive year that YTL Corp has declared dividends and exemplifies the Groupís policy of rewarding shareholders and enhancing shareholder value.

 
YTL POWER INTERNATIONAL BERHAD
YTL Power Records 21% Growth in Net Profit to RM742 Million (USD197 Million)
Sales Up 8% to RM3.7 Billion (USD975 Million)
20% Dividend Recommended

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Revenue grew 8.5% to RM3,674.1 million (USD975.2 mil) for the twelve months ended 30 June 2005 from RM3,386.9 million (USD898.9 mil) during the previous twelve months ended 30 June 2004, whilst profit before tax climbed 23.5% to RM1,032.9 million (USD274.1 mil) over RM836.7 million (USD222.1 mil) last year. Meanwhile, net profit grew by RM129.1 million (USD34.3 mil) or 21.1% to RM742.2 million (USD197.0 mil) compared to RM613.1 million (USD162.7 mil) for the twelve months ended 30 June 2004.

The growth in revenue and profit is due predominantly to equity accounting of P.T Jawa Power in Indonesia, a 35%-owned associate of YTL Power acquired in December 2004, as well as improved contributions from wholly-owned UK subsidiary, Wessex Water Limited. The acquisition of PT Jawa Power has enabled YTL Power to further diversify its income streams with overseas operations now contributing 68% of revenue and 60% of profit before tax compared with 64% and 51%, respectively, last year.

For the year ended 30 June 2005, the Board of Directors of YTL Power has recommended a first and final dividend of 20%. This is the 8th consecutive year that YTL Power has declared dividends to shareholders.

 
YTL CEMENT BERHAD
YTL Cement Registers Net Profit of RM69 Million
Sales Jump 35% to RM691 Million
20% Dividend Recommended

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Revenue grew 34.6% to RM690.6 million for the twelve months ended 30 June 2005 from RM513.3 million during the same period last year. Sales increased, due mainly to the consolidation of results from Perak-Hanjoong Simen Sdn Bhd, of which YTL Cement acquired a 64.84% stake in December 2004. However, the ongoing price war and other macroeconomic factors such as increasing fuel costs, which have brought about increased production costs, have impacted the Groupís profits. Net profit for the twelve months ended 30 June 2005 stood at RM68.6 million, down 19.4% from RM85.1 million for the same period last year.

Despite these conditions, the Group has seen improvements since the third quarter ended 31 March 2005, with revenue increasing 12.8% from RM188.2 million and profit before taxation increasing 600.8% to RM13.6 million from RM1.9 million during the last quarter. These improvements are due mainly to higher demand for cement in the construction industry, as well as some stabilisation in pricing.

In line with the Groupís policy of rewarding shareholders and enhancing shareholder value, YTL Cement, the Board of Directors of YTL Cement has recommended a first and final dividend of 20% for the year ended 30 June 2005. This is the 11th year that YTL Cement has declared dividends to shareholders.

 
YTL LAND & DEVELOPMENT BERHAD
YTL Land Records 46% Growth in Net Profit to RM41 Million
Sales Soar 38% to RM171 Million

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Revenue grew 37.8% to RM171.1 million for the twelve months ended 30 June 2005 from RM124.1 million during the same period last year. Meanwhile, profit before tax climbed 43.8% to RM47.6 million from RM33.1 million last year and net profit grew 46.4% to RM40.6 million compared to RM27.8 million for the twelve months ended 30 June 2004.

The increases in revenue and profit were substantially contributed by the Groupís new Lake Edge development project in Puchong. Demand for these innovative new homes has been strong with some phases being sold out during the first launch weekend.

The quarter under review also saw the completion of The Tamarind at Sentul East, the maiden residential development in the Groupís urban renewal exercise for Sentul. Other elements of the Masterplan are also being realised, such as the 35-acre private gated Sentul Park, scheduled for completion in October 2005, and the newly completed Kuala Lumpur Performing Arts Centre Ė the majestic new home for the performing arts in Malaysia, which is located at the fringes of Sentul Park.

 
YTL E-SOLUTIONS BERHAD
YTL e-Solutions Registers Net Profit of RM5 Million
Sales of RM31 Million
2% Dividend Recommended

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Revenue decreased 3.8% to RM30.6 million for the twelve months ended 30 June 2005 from RM31.9 million during the same period last year. Meanwhile, profit before tax decreased to RM10.5 million from RM12.5 million last year and net profit stood at RM5.2 million compared to RM6.6 million last year.

The decrease in revenue was mainly due to lower demand for YTL e-Solutionsí content development and management services, and the pre-paid Alternative Voice Service Provider (AVSP) services provided by its subsidiary, Extiva Communications Sdn Bhd.

On 20 June 2005, the Group branched out into the UK market, listing its subsidiary, Infoscreen Networks plc, on the Alternative Investment Market (AIM) of the London Stock Exchange. Infoscreen Networks plc is incorporated in the UK and is the holding company of YTL Info Screen Sdn Bhd, which is involved in creating, providing and advertising content, media, web media and up to date information via electronic media in Malaysia. Infoscreen Networks plc, meanwhile, has identified similar development opportunities in the UKís vast media market.

In line with the Groupís policy of rewarding shareholders and enhancing shareholder value, the Board of Directors of YTL e-Solutions has recommended a first and final dividend of 2% for the year ended 30 June 2005.

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