|YTL Corp’s 1st Quarter Revenue
Grows 12% to RM5.1 Billion (US$1.7 Billion)|
Net Profit Up 56% to RM392 Million (US$128 Million)
10% Interim Dividend Declared
YTL Corporation Berhad announced today an 11.6% growth in revenue to RM5,072.1 million (US$1,657.6 mn) for the 3 months ended 30 September 2012, compared to RM4,543.0 million (US$1,484.7 mn) for the preceding corresponding quarter ended 30 September 2011.
Profit before taxation increased 22.7% to RM650.4 million (US$212.6 mn) for the 1st quarter of the financial year ending 30 June 2013, compared to RM530.1 million (US$173.2 mn) last year, whilst net profit attributable to shareholders increased 55.6% to RM391.9 million (US$128.1 mn) this year over RM251.8 million (US$82.3 mn) last year.
YTL Corp also declared an interim dividend of 10% or 1 sen per share, the book closure and payment dates for which are 28 December 2012 and 15 January 2013, respectively.
YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group has made a good start to the 2013 financial year, with revenue increasing 12% compared to the same period last year.
Net profit for the 1st quarter registered a marked improvement of 56% to RM392 million due mainly to better performance of our cement operations, as well as unrealised foreign exchange gains and derivative gains recorded in an offshore subsidiary.
“On the operations front, our cement and utilities divisions continued drive the Group’s growth, whilst the reorganisations of our property development and REIT businesses, completed over the past year, have successfully streamlined and improved the operational efficiency of those divisions.”
YTL POWER INTERNATIONAL BERHAD1st Quarter Revenue Grows 15% to RM4.2 Billion (US$1.4 Billion)
Net Profit Increases to RM253 Million (US$83 Million)
1.875% Interim Dividend Declared
YTL Power’s revenue grew 14.9% to RM4,179.1 million (US$1,365.7 mn) for the 3 months ended 30 September 2012 compared to RM3,635.9 million (US$1,188.2 mn) for the same period last year, whilst net profit attributable to shareholders increased marginally to RM252.8 million (US$82.6 mn) for the 1st quarter of the financial year ending 30 June 2013, compared to RM246.2 million (US$80.5 mn) last year
The increase in revenue arose mainly from the merchant multi-utilities division, although higher fuel costs impacted performance, and the mobile broadband network division, where improved growth in the network’s subscriber base continued to offset losses from initial implementation costs to build the Peninsula-wide network.
In the water and sewerage division, higher revenue was offset by inflationary pressures and higher depreciation charged for the period, whilst scheduled plant maintenance carried out during the quarter impacted the results of the Group’s contracted power generation operations.
YTL Power declared an interim dividend of 1.875% or 0.9375 sen per share for the financial year ending 30 June 2013. The book closure and payment dates for the dividend are 28 December 2012 and 15 January 2013, respectively.
STARHILL REAL ESTATE INVESTMENT TRUST
Starhill REIT Records Revenue of RM28 Million & Realised Income of RM23 Million
Starhill REIT recorded revenue of RM28.1 million for the 3 months ended 30 September 2012 compared to RM8.0 million for the previous corresponding quarter ended 30 September 2011, whilst realised income increased to RM22.8 million for the quarter under review over RM15.4 million for the same period last year.
The increases in revenue and income were due mainly to recognition of lease rental income from the lease of the new hospitality properties acquired by the Trust, including the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts, the Vistana chain of hotels, Hilton Niseko in Hokkaido, Japan, The Ritz-Carlton Kuala Lumpur and the remainder of The Residences at The Ritz-Carlton Kuala Lumpur not already owned by the Trust.
Starhill REIT also owns the JW Marriott Hotel Kuala Lumpur.