Thursday, August 25, 2011

YTL Corp full yr net profit up 23.6% to RM1.059b

KUALA LUMPUR: YTL YTL CORPORATION BHD []'s earnings increased 23.6% to RM1.059 billion (US$355.4 million) in the financial year ended June 30, 2011 from RM856.8 million (US$287.5 million) a year ago.

It said on Thursday, Aug 25 its revenue rose 12.5% to RM18.570 billion in FY ended June 2011 compared with RM16.50 billion a year ago.

YTL group managing director Tan Sri Francis Yeoh Sock Ping said the financial performance was 'driven primarily by our power generation, water and cement operations and overseas property development projects'.

Yeoh said the group's key utilities comprised of PowerSeraya, one of the three largest electricity companies in Singapore, Wessex Water in the UK and the Paka and Pasir Gudang power stations in Malaysia.

The board declared a first interim single tier dividend of 2.0 sen or 20% per ordinary share of 10 sen each for FY ended June 30, 2011. The book closure and payment dates for the dividend are Nov 9 and Nov 24 respectively.

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