Kuala Lumpur, Thursday 20 February 2014

YTL Corporation Berhad announced today revenue of RM10,117.0 million (US$3,047.3 mn) for the 6 months ended 31 December 2013, a marginal 0.8% decrease compared to RM10,194.8 million (US$3,070.7 mn) for the preceding corresponding half-year ended 31 December 2012. However, profit for the period increased 42.4% to RM1,353.3 million (US$407.6 mn) for the first half of the financial year ending 30 June 2014, compared to RM950.0 million (US$286.2 mn) for the same period last year.

YTL Group Managing Director Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, "The Group registered a strong performance for the first half of the 2014 financial year. Revenue remained satisfactory, topping the RM10 billion mark, whilst profit for the period soared just over 42% to RM1.35 billion, anchored by our utilities and cement operations.

"Although our utilities division saw a decrease in revenue owing to lower fuel oil trading volumes, as well as lower units and prices of electricity sold, this was offset by better pricing as allowed by the industry's economic regulator in our UK water and sewerage division, and lower losses recorded by our mobile broadband network division as the network continues to expand in terms of both coverage and subscriber base.

"In our REIT activities, YTL Hospitality REIT recorded higher revenue from its Sydney Harbour, Brisbane and Melbourne Marriott hotels, whilst a fair value gain in Starhill Global REIT's investment properties also contributed to the Group's performance. YTL Hospitality REIT owns a range of luxury resorts, business hotels and luxury hotels in Malaysia, Japan and Australia, whilst Starhill Global REIT owns prime retail and office properties in Singapore's Orchard Road, Kuala Lumpur's Golden Triangle and Tokyo's upscale retail districts, as well as a retail mall in China, and the David Jones Building and Plaza Arcade in Perth, Australia."

YTL POWER INTERNATIONAL BERHAD
YTL Power Registers Half-Year Revenue of RM7.8 Billion (US$2.3 Billion)
Profit Stands at RM491 Million (US$148 Million)
1-for-20 Share Dividend Declared

YTL Power registered revenue of RM7,751.2 million (US$2,334.7 mn) for the 6 months ended 31 December 2013 compared to RM8,277.7 million (US$2,493.3 mn) for the same period last year, whilst profit for the period stood at RM490.8 million (US$147.8 mn) this year over RM503.8 million (US$151.7 mn) last year.

Better performances in the Group's power generation, water and sewerage and mobile broadband divisions were offset by lower fuel oil trading volumes in the merchant multi-utilities division. The Group's water and sewerage business in the United Kingdom continued to perform well owing to better pricing allowed by the industry's economic regulator, whilst the Yes mobile broadband platform which operates across Malaysia continued to see good growth in subscription levels, further mitigating the division's start-up losses in building the network for scale from the outset.

The Board of Directors of YTL Power declared a distribution of 1 treasury share for every 20 ordinary shares of RM0.50 each held in YTL Power, the book closure and distribution dates for which are 13 March 2014 and 27 March 2014, respectively.

YTL LAND & DEVELOPMENT BERHAD
YTL Land Achieves Half-Year Revenue of RM146 Million & Profit of RM8 Million

YTL Land's revenue increased 69.0% to RM145.8 million for the 6 months ended 31 December 2013, compared to RM86.2 million for the same period last year, whilst profit for the period stood at RM7.9 million this year compared to RM9.5 million last year. The improvement in revenue was mainly attributable to higher sales from completed residential properties in the Group's Sandy Island project in Singapore, whilst profit was impacted by lower other operating income and higher operating expenses recorded in other projects.

YTL E-SOLUTIONS BERHAD
YTL e-Solutions Registers Half-Year Revenue of RM43 Million & Profit of RM29 Million

YTL e-Solutions registered a 0.2% decrease in revenue to RM43.4 million for the 6 months ended 31 December 2013 compared to RM43.6 million for the same period last year, whilst profit stood at RM28.7 million this year over RM30.8 million last year, with the decrease in profit arising mainly as a result of the accrual of a RM2.25 million contribution to the Malaysian Communications and Multimedia Commission's Universal Service Provision fund established under the Communications and Multimedia Act 1988.

YTL HOSPITALITY REIT (formerly known as Starhill Real Estate Investment Trust)
Half-Year Revenue Grows to RM217 Million
Distributable Income Increases 17% to RM56 Million
Interim Distribution of 1.9786 Sen per Unit Declared

YTL Hospitality REIT achieved revenue of RM217.3 million for the 6 months ended 31 December 2013, an increase of 154.9% compared to RM85.2 million for the same period last year, due mainly to the recognition of revenue generated by the Trust's Sydney Harbour, Melbourne and Brisbane Marriott hotels in Australia. Meanwhile, distributable income grew to RM55.8 million for the half-year over RM47.5 million last year, representing an increase of 17.45% after adjustments relating mainly to depreciation charges for the Trust's Marriott hotels in Australia.

The Board of Directors of Pintar Projek Sdn Bhd, the Manager of YTL Hospitality REIT, declared an interim distribution of 1.9786 sen per unit, the book closure and payment dates for which are 7 March 2014 and 27 March 2014, respectively. The Trust's income distribution for the quarter under review amounts to RM26.2 million, whilst the total cumulative income distribution paid and declared for the half-year ended 31 December 2013 is 3.8961 sen per unit, amounting to RM51.6 million, which represents approximately 95% of the distributable income for the quarter under review and 92% of the total distributable income for the 6 months ended 31 December 2013.

Also view the individual reports below:

YTL CORPORATION BERHAD

YTL POWER INTERNATIONAL BERHAD

YTL LAND & DEVELOPMENT BERHAD

YTL E-SOLUTIONS BERHAD

YTL HOSPITALITY REIT

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