YTL results marvelous

YTL Corp Bhd's pre-tax profit for the financial year ended June 30, 2012 rose to RM2.36 billion from RM2.35 billion last year. Its revenue increased to RM20.44 billion from RM18.35 billion previously. In a statement today, group managing director, Tan Sri Francis Yeoh Sock Ping, said the group continued to record strong growth, recording a net profit attributable to shareholders of RM1.14 billion from RM1.04 billion previously. "Growth was mainly driven by our multi-utilities and cement operations, further bolstered by the strong performance of the property development division. 

"During the period under review, we also completed the rationalisation of our two real estate investment trust (REIT) vehicles, with Starhill REIT in Malaysia focusing on hotel and hospitality-related assets and Starhill Global REIT in Singapore on retail and office properties," he said. Yeoh said both the REITs registered solid performance for the year and remained on the look-out for further growth and asset-enhancement opportunities. 

YTL Power International Bhd's revenue for financial year ended June 30, 2012 grew to RM15.88 billion from RM14.66 billion in the same period of 2011. "The growth was mainly due to better performance across-the-board from the power generation, merchant multi-utilities, water and sewerage and mobile broadband network divisions," said YTL Corp. 

YTL Corp said the Yes mobile broadband division continued to register growth in subscriber levels, mitigating losses from the network's implementation costs. It said for financial year ended June 30, 2012, YTL e-Solutions Bhd's revenue rose to RM86.1 million from RM74.2 million in the same period of 2011. "The increase was mainly due to fee income derived from a spectrum sharing agreement in relation to the group's 2.3GHz Worldwide Interoperability for Microwave Access spectrum. -- Bernama