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<< November 2017
 
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22 November 2017
6:03:52 PM

YTL Corp Records 1st Quarter Revenue of RM3.9 Billion (US$940 Million) & Profit of RM310 Million (US$74 Million) - Kuala Lumpur

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group’s financial performance for the first quarter of the 2018 financial year saw a 12.5% increase in revenue to RM3.9 billion, with profit for the period increasing 17.6% to RM310 million compared to the same period last year. The bulk of the increase in revenue was contributed by our utilities division, with our construction, property, cement, IT, hotels and management services segments also registering revenue growth.

“Meanwhile, the increase in profit before tax was contributed mainly by our property segment, following a land disposal to Pentadbir Tanah Kuala Lumpur in relation to the Mass Rapid Transit (MRT) project, and our utilities segment, which saw the commencement of supply from our Paka Power Station on 1 September 2017 under the new power purchase agreement. Profit before tax from the Group’s cement business was impacted by increased production costs and the absence of liquidated damages recognised last year, whilst profit from our hotels segment was affected by the ongoing renovation of the JW Marriott Kuala Lumpur and pre-opening and training costs incurred by The Ritz-Carlton, Koh Samui, a new development in Thailand.”... ›› more

   

22 November 2017
4:50:00 PM

YTL Power International Berhad's Tan Sri Francis Yeoh is 2017's CEO of the Year - Asian Power

Tan Sri Francis Yeoh is the managing director of YTL Group of Companies. He took over the running of his family company in 1988 and grew it into a multi-disciplinary conglomerate comprising five listed entities: YTL Corporation Berhad, YTL Power International Berhad, YTL Land & Development Berhad, Starhill Global REIT, and YTL Hospitality REIT. They have a combined market capitalisation of approximately RM35.5b (US$8.3b) as of 31 May 2017 and total assets of over RM70.1b (US$16.3b) as of 31 December 2016. He has recently been awarded as the CEO of the Year in the Asian Power Awards 2017, and we interviewed him to know more about his plans as YTL Power International Berhad’s leader.... ›› more

   
 

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